Global growth is tracking at 4.3% in Q2 2017 and the strong pace of growth has been broad-based across both developed markets (DM) and emerging markets (EM). Manufacturing PMI data, which is a timely coincident indicator for global growth, has pointed towards continued expansion. The pace of monetary tightening is intrinsically linked to how central banks assess the risks to price and financial stability. "How will central banks assess financial stability risks? Hence concerns about system-wide financial stability risks seem limited at this point.

Source: Economic Times October 06, 2017 18:22 UTC