MY Harvard guru and the world’s tallest economist Ken Galbraith is attributed to have said that the only purpose of economic forecasts is to make astrology look respectable. Before the X’mas holidays, I wrote in this column that many early guesses for the past year, 2017 had turned out to be off-base.
Still, for businesses and investors will 2018 be any different? Most are expecting the US$80 trillion global economy to enjoy a broad-based period of continuing strong growth.
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