Clueless: political confusion persists, but growth also resists
Many of us have been surprised by last year’s political events. Maybe even more have been amazed by the market’s response to the political shock waves. And almost all of us are now lost on how to interpret the eye-catching flow of tweets from US president-elect Trump. And next to all this populism, geopolitical risks and fears over migration, technological disruption and European fragmentation all seem to be building further. The insecurity that this creates in society confuses many and creates a widely shared impression that it is more impossible than ever to foresee what type of negative shocks will hit us in 2017. But negative they will, that seems one of the few things that the consensus amongst economists and political analysts is clear on.