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  • The International Energy Agency projects production to result in a narrow excess supply of k bpd in 1H18, before reverting to a deficit of k bpd in 2H18, driven by rising US crude production.
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  • As central banks close in on inflation targets and interest rates rise, global financial conditions are set to tighten but remain supportive of global growth in
  • Among the advanced economies, the Eurozone has emerged as the dark horse as the IMF envisages the country bloc to expand at the quickest pace since at 2.

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Blindly, the ECB is not to increase interest rates in and until more precise is made on economic inflation.

  1. China has been an anchor of stability in the region, with annual GDP growth tracking 6.
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