Slim prospects for major global pick-up, say economists
Modest growth in developed economies will offset persistent weakness elsewhere
London
THE world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low.
The US Federal Reserve's long-awaited rise in rates from zero showed confidence in the world's largest economy, but rival China is still struggling for a foothold with rate cuts.
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