Trump stimulus plan could turn tide for global growth

It is now more than eight years since the global financial crisis and the developed world is still dogged by low, albeit stable, growth. We have had a sustained period of ultra-low and supportive monetary policy from central banks in an attempt to stimulate growth in developed markets. Arguably, this has not provided the economic growth central banks had hoped for. Loose monetary policy was successful in controlling systemic risk to the banking system, but less so in promoting economic growth in developed markets. In October, the International Monetary Fund (IMF) warned this year was ...