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Investment Bank

Investment Bank

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Rinse and repeat

Christian Keller, Michael Gapen

  • We present our updated global forecasts. Despite a formidable list of risks to global growth, headline forecasts have changed little over the last three months.
  •  That said, growth in Latin America and the euro area was revised down, while the profile change in Japan reflects the impact of and recovery from natural disasters.
  • Brexit negotiations entered the final stages at the Salzburg EU summit, although posturing ahead of the Tory party conference prevented progress.
  • The main event next week will be the FOMC meeting. We expect a 25bp hike. In the UK, MPC members have several opportunities to discuss recent upside surprises.
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