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Economy and markets
We expect solid but decelerating growth at the same time inflation may be stickier than expected. With fundamentals likely to hold up, this is a not a bad backdrop for risk assets, but a steady hand from policymakers is needed to wind down unconventional supports.
As things return to normal in the fall, we expect strong growth and higher prices to challenge investors’ fortitude as well as the conviction of policymakers.
Innovations in financial technology, or FinTech, are affecting how and where banks deliver services – and consumers conduct their business.