If it seems as if the world has changed, it is because it has. Economic growth, for example, lags behind the levels reached before the 2007/2008 financial crisis even in developed countries. The need for governments to step in with proactive fiscal policies to kick start their economies has never been greater.
US Federal Reserve
Anemic economic growth in advanced economies has led central banks to prescribe loose monetary policy that has not produced the cure. The problem may lie more on the supply than demand side; digital innovation in industrial operations if properly implemented could lead to the transformative revolution that will boost productivity and revive economic performance.
The developed world’s economy has decelerated since the great financial crisis (GFC) of 2008, and despite the efforts of governments and central banks, growth rates have stagnated while inflation remains well below target.
The November elections are soon approaching for Americans, and it now looks increasingly like a two-horse race for the US presidency. Both Hillary Clinton and Donald Trump have emerged as clear contenders in the last few weeks, leaving their rivals by the wayside.
Earlier this year, the European Central Bank (ECB) decided to cut its deposit rate to -0.4 percent and its benchmark refinancing rate to zero.
No need to tear up the script yet on the 2016 outlook, despite the weakest ever first-week start to the year for US equity markets.
The US an Oasis of Prosperity: Will the Fed Be the Only Major Central Bank to Raise Interest Rates in 2015?
The markets have been climbing a wall of worry over the last several months. Investors seem to be focusing in on the bad economic news reports and exaggerating their importance. Positive news on the outlook is either dismissed outright or quickly forgotten. Real GDP in the third quarter of 2014 rose 5 percent in the third revision reported in late December.