China is best economic growth story

Although markets have continued to be fairly lacklustre in recent months, economic growth remains strong and is likely to be well above trend in the final quarter. In the US, the authorities have become more sanguine on the economy due to continued signs that growth is slowing and figures are now pointing towards a soft landing. Consequently, no changes in interest rates are expected until after the presidential elections and only a small rise is predicted thereafter. However, due to concerns centring on the oil price, on imbalances in the current account and on the level of personal an...