SINGAPORE (Dec 31): In 2017, the major economies enjoyed a combination of synchronised growth and low inflation. This scenario — dubbed a Goldilocks environment — was anticipated to continue into 2018 and indeed, the optimism did spill over into the new year. However, things are not that rosy as 2018 draws to a close. While the US economy grew from strength to strength this year, the economies of Europe, China and Japan turned wobbly. 

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