In a weekend television interview, IMF chief Christine Lagarde said the IMF will have to upgrade its 2014 GDP growth forecast for the USA
PortfolioDirect
In a weekend television interview, IMF chief Christine Lagarde said the IMF will have to upgrade its 2014 GDP growth forecast for the USA. The beginning of upward revisions to global growth has been a critical PortfolioDirect guidepost for deciding when to raise the equity allocation to the resources sector and, within that, switch funds from the two market leaders to the rest of the sector. However, for once, a U.S. upgrade may not result in an upgrade for the world as a whole. The developing economies are continuing to struggle to sustain their rates of growth and, without a stronger impetus from Europe, the global growth picture may not require much adjusting, if any. Of course, that would be a marked improvement over the successive downgrades experienced during the past two years.
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise