Synchronised expansion from world economies cheered by markets; But why?


A rare synchronised expansion among major world economies that was cheered on by markets and policymakers may be already unravelling, with only the near-term prospects for the United States looking significantly better.

There is plenty of optimism around, however, and frequent use of "soft patch" to describe recent dull performance - a phrase often employed by central bankers needing to explain why they are looking past an uncomfortable set of data. So while 2018 may still turn out to be a very good year for the global.....

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