Global growth set to surprise in 2015
2015 has already been an interesting year for the global economy with the European Central Bank announcing a quantitative easing package to help reignite its economic recovery, Greece voting in an anti-austerity party leading to worries of a potential “Grexit” from the euro zone and China’s slowdown raising hopes of further stimulus to boost its growth.
While the situation with Greece remains unpredictable and the outcome of the ECB’s decision to announce further stimulus delicately balanced, the benefit of falling energy costs leaves Schroders economists optimistic over the global growth outlook in 2015.
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