Don't cool the world growth jets too early

All the key economic and market indicators paint a positive picture for the year ahead, but it's important that policy makers keep monetary and fiscal settings loose until the global recovery is secure.

This year has kicked off with one of the best economic and market outlooks for years, and policy makers throughout the world need to ensure that the green saplings of recovery are not cut down by an inappropriately early policy tightening.

The signs are that such a mistake is unlikely with policy makers generally ramping up stimulatory policy in the quest for growth rather than working to try to 'normalise' policy settings.


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