Paris
YOU wouldn't know it given the noise from China and Greece, but the world economy is picking up steam.
Morgan Stanley predicted on Thursday global expansion of almost 4 per cent in the second half of this year, up from 2.9 per cent in the first six months.
The firm says monetary stimulus is taking hold and will even be extended by 18 central banks this year, enough reason for optimism despite it also forecasting a protracted slowdown in China and 75 per cent risk of Greece leaving the euro.
Chetan...
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