Divergent Global Economy
Have the developed economies fueled the excesses of the emerging markets?
The global economy appears to be becoming ever more divergent and complicated to analyse. Pleasingly, household spending is beginning to strengthen in many of the emerging markets, primarily we suspect not as a result of their superior growth prospects or other perceived long term advantages, but because there has been a significant easing in their domestic monetary policy settings brought about by massive investment capital inflows from the West.
Read the full Tyndall Comment.
Tyndall
Be the first to post a comment ...
Submit a comment*: