Jeffrey: Below trend growth is the new normal
Cazenove's CIO Richard Jeffrey has criticised policymakers who expected the global economy to bounce back to pre-crisis levels after 2009, branding such expectations a 'fallacy.'
Jeffrey said a drop-off in domestic consumption coupled with rising inflation in Asia meant growth could not rebound to normal levels, and he expects it to remain sluggish for the rest of the year...
More on Investment
Most read
Back to Top