Mohamed El-Erian is chief economic adviser to Allianz, writing today in the Financial Times
He argues:
Both backward-reading and forward-looking indicators confirm that the global economy is experiencing a pick-up in growth that is synchronised, real and multi-dimensional.
All of the world's most systemically important engines of global expansion
- China,
- Europe,
- Japan
- and the US
have been shifting into higher gear
The full piece is here and worth a read from this very smart chap indeed. The Financial Times, of course, may be gated, but its possible to get a freebie sample story or two.
Breaking out of low-growth 'new normal' is on horizon
Global economy at T-junction where likelier road is towards 'beautiful normalisation'
Not just a mo
