Similarly, the recently-concluded annual Meetings of the IMF and World Bank Group noted signs of sustained global recovery, albeit not yet complete, with below-target inflation and weak wage growth in several advanced countries, while output growth remains below potential in many cases.
2  At the same time, it is important not to lose sight of some megatrends, in demography and technology, for example, that also have a profound impact on economic developments and, more specifically, global and domestic financial markets. In this regard, I note that 2017 is also the tenth anniversary of the iPhone, and we all know the profound impact of that development.