Saturday, 20 December 2014
Last updated 22 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.