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World economy expanding, say economists

But upbeat tones are in contrast to IMF's below-estimate 2015 growth forecast

DOUBLE THREAT: At Credit Suisse Group AG, economists are sanguine even as they detect a 'faint whiff of panic' over China's stock-market rout and the mounting prospect of Greece's exit from the euro.


YOU wouldn't know it given the noise from China and Greece, but the world economy is picking up steam.

Morgan Stanley predicted on Thursday global expansion of almost 4 per cent in the second half of this year, up from 2.9 per cent in the first six months.

The firm...

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