The risk to global trade and economic growth from the introduction of protectionist policies in the US appears to have receded for now
In the US, an overall increase in housing and business capital investment suggest that the first quarter slowdown will be temporary
Expects weaker growth in UK as investment spending slows as Brexit negotiations get underway,consumers feel impact of accelerating inflation
Brexit-related slowdown in the U.K. has been more modest and Moody's has raised its forecast for growth this year to 1.5% from 1%
Risk of major euro area country leaving EU is no longer an immediate concern, with the election of emmanuel macron as president in France
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