Asia fixed income outlook: Confidence is high, so is uncertainty

THE past year has seen two largely unexpected outcomes: Brexit and US President Donald Trump - which caught the markets, the media and the polls by surprise.

With those two events, the world has changed but we don't know by how much.

Even before the recent market focus on the potential for fiscal stimulus-driven growth, 2017 was already forecast to have global growth rising for the first time in many years, driven by a pick-up in oil-related investment, stronger US growth and a strong rebound in some important emerging market economies.