Optimism in West as markets prepare for Fed hike
US shows no signs of entering into a recession soon and Europe looks promising, say analysts
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.
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