North America

Wage pressures increasing

Rising inflation a risk

Make up 25% of portfolios

Improving portfolio diversification

Focus on 2018

Washington-Moscow relations fraught

US tariff threats spark market concerns

Japanese yen a safe haven

Focus on healthcare and energy

Governments around the world are performing a juggling act: trying to meet the demands for more government spending; keeping their taxes competitive, and avoiding their public debts spiralling out of control.