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Next year may be volatile with economic shocks from rate hikes

Economist executive editor says the Bank of England may raise interest rates, followed by the US Federal Reserve

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Mr Franklin says a flight of capital from emerging markets back to the US in particular "will create many shock waves in the system".

Singapore

2015 may be quite a volatile year economically, as interest rates and the movement of capital may create shocks in the global economy.

It may start with the Bank of England raising interest rates followed by the Federal Reserve in the US, according to executive editor of

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