You are here

Economists put a Happy New Year on their wishlists, eye optimistic forecasts

Markets could be underestimating growth, as the economic ground looks sweet, say economists
Wednesday, December 24, 2014 - 05:50

BT_20141224_ECON24_1426217.jpg
Wages are starting to accelerate in the US, Japan, the UK and Germany. Although the pay hikes aren't big and workers have a long way to regain ground lost since the global recession, the salary boosts may still be enough to support consumer demand.

Paris

HERE'S an early Christmas present for the economists of Wall Street.

2015 may be the first year in five in which they get to raise forecasts for global economic growth rather than cut them.

That may be fanciful thinking as the year ends with Russia in crisis, investors

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom