OVERALL 2016 global macro condition is likely to remain steady but growth performance would not be at an accelerating pace. More importantly, monetary policy divergence remains the key theme confounding financial markets worldwide.
After seven years of uneven economic recovery post-Global Financial Crisis, the US Federal Reserve and Bank of England are currently positioning themselves for interest rate normalisation while the European Central Bank and Bank of Japan remain in full gear for further monetary easing through quantitative easing.
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