Economists put a Happy New Year on their wishlists, eye optimistic forecasts
Markets could be underestimating growth, as the economic ground looks sweet, say economists
Wed, Dec 24, 2014 - 5:50 AM
Wages are starting to accelerate in the US, Japan, the UK and Germany. Although the pay hikes aren't big and workers have a long way to regain ground lost since the global recession, the salary boosts may still be enough to support consumer demand.
HERE'S an early Christmas present for the economists of Wall Street.
2015 may be the first year in five in which they get to raise forecasts for global economic growth rather than cut them.
That may be fanciful thinking as the year ends with Russia in crisis, investors...