In emerging markets, consumer incomes and buying power are

The global economy continues along its low-growth path, but there are a number of bright spots. In the U.S., despite the political uncertainty, a strengthening consumer is driving strongerr growth. A large fiscal stimulus under the new administration could well provide another boost to the U.S. economy. And in many emergingg marketss the rebound that began in 2016 appears to have momentum, supported by higher commodities prices and structural reforms. Europe remains challenged by uncertainty about the future of the European Union, low growth and high unemployment. 

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