SINGAPORE (Dec 20): Trump’s reflationary policies are unlikely to reveal their full impact within the year, but his policies – and the expectation of them – will be central to global developments next year, says Adam Slater, lead economist at Oxford Economics.

According to Slater, many of the factors underpinning the relatively slow growth of the world economy since the global financial crisis remain in place. As a result, the world growth outlook for 2017 remains one of only modest expansion.

Still, US policy shift will help growth remain relatively robust in the Eurozone and UK next year, with improved wage growth also supporting expansion in the advanced economies.

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