DB: Global Growth Momentum Hits A Six-Year High But Beware

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Rupert Hargreaves
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Investors should rejoice as global growth momentum has just hit a six-year high according to Deutsche Bank’s analysis. Morgan Stanley: 2017 Will Be A Year Of Growth According to a report published by the bank at the end of last week, Deutsche’s indicator of global macro surprises rose to 45 during mid-January, the highest level since May 2010. According to the analysis by Deutsche’s economists, this multi-year high implies a further rise in global manufacturing PMI new orders from the December level of 53.7, another six-year high. These figures are consistent with 2017 global GDP growth of 3.5%. The sudden…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk