At its AGM in Washington last week the IMF reported that the global economy was humming along nicely with every region of the global economy set to record GDP rises for the first time this decade. Last year, the global economy grew by a disappointing 3.2 percent. This year the world is on track for 3.6 percent growth and 3.7 percent next year. China is likely to grow the fastest at 6.8 percent, surpassing India's 6.7 percent.
American companies that sell most of their product overseas are expected to do best this year. The IMF urged American policymakers to use the upswing to reduce debt and to spend more on infrastructure and training. But the White House has other things on its agenda apart from the economy…
by Evil Knievil| Evil Diaries| 1 mins. to read The increase in average life expectancy is great news for all of us, but the main challenge is that it makes funding our retirement considerably more expensive. Unfortunately the problem is compounded by the low annuity rates that are the traditional way of generating a pension.
by Nick Sudbury| Funds| 1 mins. to read The increase in average life expectancy is great news for all of us, but the main challenge is that it makes funding our retirement considerably more expensive. Unfortunately the problem is compounded by the low annuity rates that are the traditional way of generating a pension.
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