2017 Q2 Global Markets Outlook & Investment Strategy

The global economy is still slowing, negatively affected by geo-political distress, but will accelerate in 1H 2017. +85% of the central banks are still supporting the
global economies by additional monetary stimulus. Productivity growth to improve due to labor, financial and product markets reforms in place, particl. Europe Investment to pick up (modernization of capital stock)

032917 CGI 2017 Q2 Global Markets Outlook & Investment Strategy