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.
Investors are less excited about Asia. They say economies in that region will continue to feel the effects of the China slowdown and falling commodities demand. They also point to general problems with emerging...