The numbers show it, I don't feel it
While sentiment among investors and analysts has picked up, anecdotal sentiment among ordinary people still seems weak. Why the disconnect?
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THE numbers, it must be said, are looking good.
The US economy has been growing at over 2 per cent, Europe was actually growing faster than the US in the first quarter, and Asia is growing at around 5 per cent. Sentiment for manufacturers, based on various surveys, is buoyant all-round.
No wonder analysts have taken to calling 2017 the year of the synchronised global recovery. Reflation is a buzzword. Interest rates might finally go up.
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