The global economy has temporarily weathered the impact brought by the Trump administration

In the first eight months of Donald Trump's presidency, the global economic order faced a barrage of threats: from massive trade shocks to tussles over control of the Federal Reserve, and even the emergence of a new form of American "state capitalism". However, the global stock and bond markets, as well as economic activity, have responded rather calmly, almost "indifferent": the global economy continues to grow, stock prices have soared, and inflation concerns remain moderate.