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Growth and inflation are back says Laurence Boone, Chief Economist & Head of Research and Investment Strategy. 2016 was the year marking the end of the fear of even lower interest rates, and a new hope of a progressive rise of rates, even if not to the past prevailing pre-crisis levels. Secular stagnation (the prolonged period of low interest rates and low growth) is an over-rated concept. Read more: http://po.st/DQasCJ Follow AXA Investments Managers : https://twitter.com/AXAIM http://www.linkedin.com/company/axa-investment-managers https://www.axa-im.com 2017 Outlook: What's next for the global economy © AXA Investment Managers