A happy New Year to all from my base here in Scotland as the World Bank declares that the global economy is now at a turning point, with strengthening growth both from high income and developing countries. Of course there are downsides, one such being the rate of the inevitable unwinding of the US Federal Bank’s stimulus package and how much this will impact upon global interest rates and flow of funds, which could well cause serious problems. But forecasts such as this from the World Bank, with global GDP
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