According to Fitch's global head of sovereigns, James McCormack
- Adjustments to ECB's asset purchase program could be quite significant
- Major risks going into 2018 are US trade policy uncertainty, geopolitics, and higher interest rates
- Governments are not well positioned to deal with higher rates but the world is moving in that direction
- Regarding a taper tantrum, Asian countries could see some volatility but have buffers from current-account surpluses and FX reserves
