Sunday, 1 March 2015
Last updated 2 days ago
Aug 14 2013 | 9:17am ET
Developed countries are contributing more to global economic growth than emerging markets for the first time since the financial crisis, according to Bridgewater Associates.
The hedge fund giant estimates that the developed world accounts for about 60% of global growth, or 2.01 percentage points, compared to just 1.43% for the emerging world. The last time that the developed world held a lead was in the middle of 2007.
The economic revivals—uninspiring though they may be—of the U.S. and Japan, coupled with slowdowns in the major emerging countries, notably China, are seen as the drivers of the change, The Wall Street Journal reports.
Bridgewater's estimate is based on an estimate of current growth rates, rather than on official numbers.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…