Dario Perkins, managing director of global macroeconomics at the research company TS Lombard, says the US is not alone in having experienced a long period of growth. “Among the developed economies, Australia, Sweden, Germany and Canada all have expansions that match or surpass the US achievement. And if we extend the analysis to the emerging economies, we find several countries with even more impressive performances.” Europe, which suffered a double-dip recession and only began a sustained pick-up in 2013, is the one part of the world where the recovery looks relatively immature, Perkins says.
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