The global economy still has room to grow. Euler Hermes expects one to two years of additional growth globally:
- Higher US GDP growth on the back of very accommodative fiscal policy;
- Europe to enjoy above-potential growth while political vulnerabilities are high; and
- Acceleration in EM to continue.
- Market volatility to increase as liquidity conditions tighten softly, rates increase progressively.
Euler Hermes expects continued trade growth, in a scenario of mild protectionism.