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2017 8

8 Economic Outlook &

Demand Development A S H A R P D E C L I N E I N E C O N O M I C P O L I C Y U N C E R T A I N T Y EURO Latest elections pave the way towards business-friendly policies. Business and consumer confidence are high. ? Brexit uncertainties makes UK business confidence slide ? Strong retail sales and foreign trade contribute to growth in the rest of the EU AM Reduced uncertainty boosts consumer and business spendings. More uncertainty regarding

2018 growth, as it partly depends on the rollout of President Trump'

s fiscal stimulus. US Fed........