Global Macro Service > Research Briefings > Global
The global economy may have entered a sustained period of stability. We find that: (i) global macro volatility has plummeted (it’s not just the VIX!); (ii) economic surprises have become more muted; (iii) downside economic risks have declined; and (iv) while market valuations suggest a correction is feasible, systemic risk has declined over the past decade.
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