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September 2017 - VIGOROUS ACTIVITY

The global economic expansion is strengthening and broadening, driven by the industrial and trade recovery.
In 2017-2018, global GDP growth is expected to reach its best level since 2011 in spite of geopolitical risks and slowing Chine GDP, but it is likely to slow thereafter. Some drivers behind this expansion are fragile, however: fiscal stimulus in the US, upholding of high risk appetite, gradual and well communicated withdrawal of monetary accommodation....