Head of Investment Strategy and chief economist, AMP Capital
Tourists at Times Square in New York. There is one qualification to the positive signs about global economy, and that is the US economy looks to have seen a soft start to the year. However, March quarters seem to regularly come in on the soft side initially only to get revised up later and be followed by a bounce back in growth, suggesting a seasonal adjustment problem.
DESPITE numerous geopolitical threats (eurozone elections, tensions between the United States and China, and North Korea), worries about the demise of the so-called "Trump trade", and shares being overbought and due for a correction at the start of the year, share markets have proved to be...