2017 economic outlook: welcome to the jungle

BRACE yourselves: 2017 looks set to pan out very differently from previous years, with a veritable jungle of risks and opportunities lurking ahead.

The election of Donald Trump as US president is changing the global environment.

After years of seeing monetary easing as the only game in town to support growth, global markets are reacting positively to Mr Trump's victory, anticipating that the US will enter a period of fiscal expansion. Tax cuts and infrastructure investment are expected to reflate the US economy, which would be positive for the global economy.