Growth prospects rise but warning lights flash red

All the signs are that the global economy is entering 2017 with increasing momentum, with numerous indicators pointing to a strengthening of activity in key economies.

Growth prospects rise but warning lights flash red

The JP Morgan Global Composite purchasing managing index hit its highest level in over a year in December, with the manufacturing index reaching a two-and-a-half year high.

National business and consumer surveys in many countries also finished the year on an upbeat note.

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