Global economy resilient against all the odds

conference

The world economy has retained a mysterious strength over 2005 despite a series of setbacks, in the ...

The world economy has retained a mysterious strength over 2005 despite a series of setbacks, in the view of Keith Wade, chief economist at Schroders. Speaking at the group's recent investment conference, Wade said the global economy has proved resilient against the onslaught of continued Fed rate rises, terrorist attacks and escalating oil prices. The strength is shown by the lack of impact these occurrences have had on growth expectations, with real GDP growth forecasts for most global regions remaining stable. Of these, Asia leads the way, where Wade predicts between 6% to 7% year on y...