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Is the Swiss Franc to be the Funding Currency in 2014?
Is the Swiss Franc to be the Funding Currency in 2014According to a recent story, the economist at the IMF need to hone their forecasting skills, and perhaps take some advise from traders, who like to go with the trend. Talking about the global growth rate in 2014, they are ignoring the current trend, forecasting a reversal of that trend, and even an increase from the current rate. In the spring of 2013, this august advisory group forecast global GDP growth for 2013 would be a robust 5.6%. For the year the final GDP growth rate finished at 2.7%. Not very close. Now, despite the reduction of year end GDP stats, they ... (full story)
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