The recovery of global economic growth remains sluggish, even though it has stabilised, with the slowdown in the US and China expected to be more than offset by improvement in some of the large emerging markets, the UK and the Euro region, says integrated insurance solutions provider Alexander Forbes. Speaking at a media briefing on Thursday, group chief economist Isaah Mhlanga said inflation was expected to remain stable, either at or below targets in advanced economies and trending lower in emerging markets.
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