The first weeks of the new year have already picked up from where the trends that started in 2016 and the hypotheses for 2017 left off: higher growth, normalisation of inflation, increased uncertainty with regard to the effects of Trumponomics, and a gradual end of the loose monetary policy.
![Higher growth vs. increased political uncertainty Higher growth vs. increased political uncertainty](https://blog.en.erste-am.com/wp-content/uploads/2017/01/Ausblick_iStock-488536442-370x210.jpg)