IT'S disconcerting. We have witnessed a Goldilocks affair not too hot, not too cold. The speed limit on global growth has slackened, with no further boost from the emerging markets to offset the continuing slack in advanced economies.
The world economy is just moving along with nothing much to shout about. The year started badly, with fiscal cliffs lurking in the United States and a toxic situation in Europe. But the worst didn't happen. Yes, US politicians bungled-about but disaster was avoided.
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