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The author wrote: "Absolutely, the strengthening US dollar will sound the death knell to Asia’s bull market in equities, and as such, is the single most important signal to monitor for futures indications of change."

I said Used to be, used to be many moons ago, The World have changed... The correlation have diminished ... Power of USA (USD) have waned ... 

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IMF hails ‘broadest’ upsurge in global growth since 2010

https://www.ft.com/content/d900ef2e-ff74...0ad2d7c5b5

(23-01-2018, 11:53 AM)psslo Wrote: [ -> ]IMF hails ‘broadest’ upsurge in global growth since 2010

https://www.ft.com/content/d900ef2e-ff74...0ad2d7c5b5

Thanks, psslo.

For easy reference, the FULL text:-

January 22, 2018
IMF raises global growth forecasts

www.jordantimes.com/news/business/imf-raises-global-growth-forecasts

Christine Lagarde, managing director of the International Monetary Fund, attends a news
conference on the world economic outlook during the World Economic Forum annual
meeting in Davos, Switzerland, on Monday (Reuters photo)

WASHINGTON — Global economies are recovering simultaneously and at a stronger than
expected pace, and will get at least a short-term boost from the US tax cuts, the
International Monetary Fund (IMF) said on Monday.

In the latest update to the IMF's World Economic Outlook (WEO), nearly all the forecasts
for 2018 and 2019 were revised upward compared to the October edition.

However, the fund warned that exuberant financial markets could be due for a reversal.
The global economy is now expected to grow 3.9 per cent this year and next, two-tenths
higher than the previous estimate, and up from growth of 3.7 per cent in 2017.

Advanced economies are seeing solid, simultaneous growth, and the US tax reform passed
in December will have a measurable effect, at least for a couple of years.

"The revision reflects increased global growth momentum and the expected impact of the
recently approved US tax policy changes," the IMF said.


120 nations see pickup
"Some 120 economies, accounting for three-quarters of world GDP, have seen a pickup in
growth in year-on-year terms in 2017, the broadest synchronised global growth upsurge
since 2010."

The WEO upgraded its US Gross Domestic Product forecast by a surprising four-tenths of
a point this year to 2.7 per cent, compared to the expected 2.3 per cent in 2017.
For 2019, the IMF increased its US growth forecast a whopping 0.6 points from October, to
2.5 per cent.

Corporate tax cuts are seen driving investment, which could add growth of 1.2 per cent to
the US economy through 2020, while also contributing to faster expansion in US trading
partners like Mexico, the fund said.


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