When DMs become EMs
Neelkanth Mishra | 2 November 2023 This appeared in the Economic Times on 2 November 2023 (link). Nineteen months after the Fed started hiking interest rates, and forecasters issued recession warnings, US growth remains robust, with 2023 forecasts getting upgraded. Economic output in the September 2023 quarter rose a remarkable 4.9% year-on-year, much better than … Read more