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China and global economic risks
On the surface of it, the global economic recovery looks stronger day by day. The International Monetary Fund has upped its forecasts and the underlying real growth trend in major industrialised country markets seems at last to validate the continuing exuberance of stock markets around the world. The Financial Times Stock Exchange All-World Index rose by nearly 22 per cent in 2017 — its best performance since the post-crisis rebound in 2009. In the United States the prediction of 2.3 per cent growth this year last October now looks conservative. China’s growth last year appears to have nudged the magic 7 per ... (full story)