Global economic activity is picking up, led by the recovery in Asia, and central banks are moving to...
Global economic activity is picking up, led by the recovery in Asia, and central banks are moving to reverse the dramatic relaxation of monetary policy that they implemented a year ago. In the US, the economy has maintained its robust growth rate; in the UK, forecasts of GDP growth are being revised upwards; in Europe, there is growing evidence of recovering activity and rising business confidence in the core economies of France and Germany. The US Federal Reserve had already raised US interest rates by 0.5% to 5.25% during the summer months, in October, left rates unchanged but moved up...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes