SINGAPORE (July 17): The global economy has certainly regained momentum in the past few months, helping to boost regional growth through stronger export volumes and higher commodity prices. However, concerns are being expressed that the pace of global demand is unlikely to be sustained as monetary policy is tightened in the US and the tech cycle peaks. Moreover, the proliferation of highly unpredictable risks such as rising protectionist sentiments and the potential for financial shocks in China do not help. Neither do the accumulating political uncertainties: US President Donald Trump appears less and less able to push through his agenda and may even face embarrassing investigations, while business confidence is hurt by crises in the Middle East and Korean Peninsula, the outcomes of which are difficult to predict.

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