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Global growth and equity returns

Discussion note 3 - 1 December 2016

Global economic growth and long-term growth forecasts are trending lower. Slower labour force growth, public debt overhang and declining productivity growth have been put forward as possible explanations. In this note, we explore the relationship between global economic growth and equity returns, and assess whether slower economic growth and
lower long-term growth forecasts have any implications for future expected global equity returns.

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