Where green shoots of sustainable growth can be found

SINGAPORE (May 22): Economic indicators in Europe and Asia are revealing signs of a sustainable growth outlook although US equities could suffer in the near-term from recent political events, according to Deutsche Bank’s weekly CIO Insights report published last Friday.

In particular, the past week has been dominated by US market falls, prompted by the Trump administration’s growing political problems.

“This is compounding skepticism about the US growth outlook, with the Citigroup Economic Surprise Index at its lowest level for a year. Concerns that the political situation could derail the administration’s pro-growth agenda were reflected in declines in sectors and asset classes that could have benefited most from it,” states Christian Nolting, Deutsche Bank’s global CIO.

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