EFTA Document EFTA01458584

Macro outlook U.S. rate hike in sight The improved U.S. labor-market situation should encourage the U.S. Federal Reserve Board (Fed) to raise official rates soon. But low inflation and worsening growth dynamics in the emerging markets should keep rate hikes at a gentle pace. - The global economy remains on a moderate growth path. - Lackluster growth in the emerging markets hampers global growth. - Commodity-exporting countries suffer from low commodity prices. - The United States co