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NOTHING IS PERMANENT EXCEPT CHANGE

  • The world economy is set for one of its best years since the global financial crisis, but such a good run could end in the next two to three years, said UBS Chairman Axel Weber.
  • The International Monetary Fund this week kept its forecast for this year's global growth at 3.9 percent which, if it materializes, would be the fastest expansion since 2011.
  • "We're at the end of a long recovery and, two to three years from now, at the latest, some of the risks could materialize," Weber told CNBC.

OTHER NEWS

https://www.wsj.com/articles/jerome-powell-defends-policy-of-gradually-raising-interest-rates-1535119210 Jerome Powell Defends Policy of Gradually Raising Interest Rates

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With the U.S. and China preparing for a fresh round of face-to-face negotiations, President Trump said the U.S. expected to keep tariffs on Chinese goods in place for a “substantial period of time,” even after a deal.

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