Global economies continue to strengthen, in spite of geopolitical issues
By Jeff Mitchell, Head of Investment Research, Australian Unity Personal Financial Services
The first six months of this year have seen further geopolitical events and apparent increases in terrorist attacks, yet major sharemarkets and economies continued to experience growth.
The world’s major developed economies are experiencing consistent if not rising economic growth at approximately 2.0% p.a. Importantly, it is evident the major developed economies are directionally more aligned now that they have been for some time (see Chart 1).
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