World economy: Clouds are appearing - BNPP

The combination of low real interest rates, job creation, corporate profit growth and growth in international trade should allow the world economy to continue growing at a healthy pace, according to William De Vijlder, Research Analyst at BNP Paribas.

Key Quotes

“Clouds have however appeared on the horizon: confidence indicators have softened in Europe, Japan and emerging markets; concerning the fears of protectionism, what used to be a threat has now become a reality; in Italy political uncertainty has caused market turmoil and questions remain about the economic policy of the new government. The combination of these factors might end up acting as a headwind for growth.”