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Some of which have been growing at negative rates and are expected to bounce back. Other than that, theres more growth momentum in the advanced economies in china. Wide dispersion of multiple outcomes around the projections, especially given we dont yet know the details of president elect Donald Trumps policies . Absolutely. We think the uncertainty has risen and we still see the risks as pointed toward the downside. Its not just about the u. S. Certainly theres a lot of uncertainty about what the policy package coming out of washington will look like, but in europe, theres a crowded electoral calendar going forward. Details of the brexit negotiation are not known. We may learn more tomorrow and think aboutt to when we try to forecast next year. Its worth thinking about the spillovers of trumps changing policy mix of which we only have notions right now. We are talking about global inflation rising and trump listing all boats. Is that the case . Does a rising trump tied raise all econo

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