Morgan Stanley raises forecast on China’s GDP growth

BEIJING – Morgan Stanley has revised its forecast on China’s GDP growth as it believes ongoing reforms, including excess capacity cuts, are improving the quality and structure of the economy. The New York-based investment bank predicted the economy will expand by 6.8 percent year-on-year in 2017 — up from a previous forecast of 6.6 percent –… Please follow and like us:

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Deutsche Bank Enters The Economic Fringe, Considers “End Of Fiat Money”

Fiat currencies have had nearly a 46 year run of success. But with cryptocurrencies “ all the rage,” what Deutsche Bank Strategists Jim Reid and Craig Nicol call “inherently unstable” fiat currency system without any commodity backing might be coming to an end, they assert. Get The Timeless Reading eBook in PDF Get the entire 10-part… Please follow and like us:

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Will the Global Economy Recover?

Quora Questions are part of a partnership between Newsweek and Quora, through which we’ll be posting relevant and interesting answers from Quora contributors throughout the week. Read more about the partnership here. Answer from David McDonald, founder of The Global Millennial—an online publication for politics, economics and finance: The global economy obviously took a hit in… Please follow and like us:

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