Global geopolitical risks are on the rise. The problems facing Europe include Brexit, the French election in April, and Italy's huge debt burden and banking system crisis. In Asia, China has challenged some Asian countries on the issue of South China Sea sovereignty. And the possible trade barriers the United States may set up has also worried countries such as
Taiwan and Mexico. In addition, conflicts popular database in the Middle East continue to increase, and terrorist attacks have spread to many Western countries. At the same time, however, the fundamentals of the global economy have been encouraging. Before the U.S. presidential election,
Solid U.S. consumer and business survey data and a strong job market had already supported solid GDP growth. In Europe, manufacturing indicators have gradually recovered, and overall inflation was 2% in February, reaching the European Central Bank's target level for the first time in four years.