The need for interest rate hikes is ‘less imminent,’ says Carney
BMO Harris Private Banking sees positive trends for the U.S, China and the Eurozone
Spending cuts and tax increases totaling US$700 billion are set to take effect in January
Report call on European policymakers to work quickly to restore confidence
Energy sector faces some risks
Recent indicators highlight the persistent weakness and downside risks facing the global recovery
China policymakers appear committed to engineering a soft landing for giant economy
Fallout would hinder growth for months
Most economists think growth will pick up, but many risks remain
But economic growth likely will stay subdued for the foreseeable future