Quarterly Report-Embracing a Goldilocks economy?

Below is a brief overview of our base-case economic scenario for Ukraine vis a vis the global economy for the remainder of 2017 and over 2018-2019. Why we are sceptical of the "Goldilocks" global economy. Beginning in the summer of 2016, and increasingly since early 2017, there has been a widespread view among economists and analysts that the upbeat performance of the financial markets is a reflection of an overoptimistic "Goldilocks" economy. Headline macro parameters like growth and inflation...