Economics
Don’t Despair: Global Growth Shows Signs of Health Led by U.S.
Consumer borrowing in the U.S. climbed in December as Americans boosted their credit-card use by the most in eight months.
David Paul Morris/BloombergThis article is for subscribers only.
The global growth scare that’s gripped financial markets is looking overblown to some economists.
Even as bond yields plumb record lows alongside sliding inflation, the world economy is set to strengthen with the U.S. expansion plowing ahead and cheaper oil, cash and currencies providing lift elsewhere.