A moment to take stock of a turbulent year

Michael Murray: Despite global instability, there is much to be optimistic about in the markets for the year ahead

3rd January, 2015

It is not easy to recall a new year over the past 25 years when the outlook for the global economy has been so uncertain, given the extent of political instability across the globe, the range of political and economic challenges facing Europe and the lack of transparency as far as what is really happening in China.

The pick-up in stock market volatility in recent months is not surprising. On top of the political instability, the...

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