T. Rowe Price
While growth should continue in 2017, the rise of developed market populism has made the outlook more uncertain.
The pace of global gross domestic product (GDP) growth has accelerated meaningfully since its trough in the spring of 2016. The improvement in the momentum of global growth has been relatively broad-based and has been driven by looser global financial conditions and the delayed impact of Chinese stimulus measures taken early in 2016. Additionally, growth has benefitted from a slowing in the pace of inventory liquidation and the stabilisation in commodity prices.
As the impact of stimulus in both China and the developed world fades in early 2017, we expect global growth to slow a bit from its peak in late 2016.
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The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested. Issued by T. Rowe Price International Ltd, 60 Queen Victoria Street, London EC4N 4TZ, which is authorised and regulated by the UK Financial Conduct Authority (the "FCA"). This material is not intended for use by Retail Clients, as defined by the FCA.
