Global Economic Outlook: Better Visibility, But No Sunshine Yet

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After several quarters of gridlock, it would appear progress is finally being made on key issues clouding the global economic outlook. The U.S. and China are inching closer to signing “phase one” of a trade deal by not only pausing tariff escalation but also potentially rolling back some of the recently applied tariffs. Brexit is now a step closer to resolution, subject to the outcome of the December 12 elections. In the eurozone, there are tentative signs that the industrial sector is bottoming out.

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