September 16 2016

Will the budget policy be implemented again?

Key points to remember
  • For the time being the monetary policy in the US and the eurozone has not succeeded in restoring economic activity and productivity.
  • A hike in interest rates in the United States is still uncertain at the present time.
  • The election result in November will play a major role in that regard.
  • In the eurozone the summer was quiet although Brexit undermined corporate confidence not only in the United Kingdom.
  • Both Japan and China introduced reforms to boost growth.

This Monthly Economic Update is a brief summary of the monthly retuning of ING’s economic scenario for the world economy. Read the whole article here.