No Free Lunch
The global economy remains in a delicate position, with financial markets exhibiting resilience despite key policy uncertainties, geopolitical sensitivities, and a fragile pace of economic growth across many regions. In our charts this week we focus on:
· US growth surprises
· US trade in goods versus services
· Global policy uncertainty and the dollar
· Defence spending in Europe
· Dun and Bradstreet’s risk indicators
· Canada’s supply side risks
The skinny
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