Economists are proposing two radically opposed forecasts for global growth. Considering the evidence,it’s hard to side with the optimistsEconomists are split between those who see the world economy coming together and those who believe its major trading blocs are heading in opposite directions. It might only be a couple of weeks before we find out who is factual.
On 16 December Janet Yellen, the head of the US central bank, or is expected to push up interest rates for the first time since 2006. The nudge upwards from 0.25% to 0.5% may not seem like the Federal Reserves most momentous financial intervention,but 18 months ago even the thought of such a gallop caused panic across the world.
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Source: theguardian.com