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Less Favorable Growth-Inflation Mix in 2019

Less Favorable Growth-Inflation Mix in 2019

by Darren Williams
As we get ready to move into 2019, the macro backdrop points to a less favorable mix of growth and inflation at a time when central bank balance sheets are starting to shrink. Even if growth is simply returning to trend, the year ahead is likely to be more challenging—with populism and China looming as key downside risks.

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