Fidelity's Stupnytska: There will be no 'beautiful normalisation' in 2018

Inflation should start falling back to target early 2018

Global growth is showing signs of a potential re-acceleration and macroeconomic indicators point to no immediate cause for concern, writes Anna Stupnytska, global economist at Fidelity International.

However, with a number of risks on the horizon, and difficulties in gauging the degree of a China slowdown and the impact of global liquidity withdrawal in particular, markets look to be set for a challenging 2018.  The inflation outlook remains nuanced Our forecast suggests that core inflation in major developed markets will remain subdued for some time, staying below central banks' targets throughout 2018. Fidelity's Anand - New fee structure puts firm's revenues at short-term risk However, given downside surprises in US core inflation this year, it is now likely to start mean ...