TORONTO, Jan. 18, 2017 /PRNewswire/ -- The global economy is projected to post its best performance this year since 2014. While geopolitical risks abound, recent economic data point to strengthening growth prospects in most areas of the world. From an economic perspective, the risks could be characterized as unbalanced toward the positive for the first time in many years, given the momentum already underpinning global growth.
Geopolitical risks are substantial. "The incoming Trump Administration's approach to trade policy, which has not yet been fully articulated, represents a significant risk to the global recovery," said Jean-Francois Perrault, Senior Vice President and Chief Economist at Scotiabank. "While it may appear that we are entering a stronger, more sustained phase of the global recovery, it is too early to put on our sunglasses."
Highlights of Scotiabank's Global Outlook include:
Read Scotiabank's Global Outlook online at:
http://www.scotiabank.com/ca/en/0,,3112,00.html
Scotiabank provides clients with in-depth research into the factors shaping the outlook for Canada and the global economy, including macroeconomic developments, currency and capital market trends, commodity and industry performance, as well as monetary, fiscal and public policy issues.
About Scotiabank
Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of $896 billion (as at October 31, 2016), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.
For media enquiries only: Debra Chan, Public, Corporate and Government Affairs, Scotiabank, (416) 866-6443, debra.chan@scotiabank.com