Optimism in West as markets prepare for Fed hike

London

OPTIMISM shines in the developed West as the market readies for a US Federal Reserve rate hike in December. After a volatile summer, observers are reiterating that global economic growth can pick up next year in a longer-than-usual economic cycle.

The US might be in the late stages of its economic cycle, yet it shows no signs of entering into a recession any time soon, analysts say. They add that Europe is picking up and looking like the most promising area in the world to invest in.