Jeffrey: Journeys into the unknown

Cazenove Capital's CIO Richard Jeffrey looks across the major developed economies to give his outlook for growth in 2015.

This is the time of year that economists start to do some navel gazing and contemplate the outlook for the year ahead. A word we can expect to hear more over the next few months is ‘decoupling'. In truth, there has been increasing divergence in economic performance for a few years. However, it looks set to become more obvious during 2015. In this month's article, I look forward to some of the key features we expect to see in Western economies. The economy that looks to be establishing the best momentum is the US. Following a difficult, mainly weather-related, start to 2014, activity h...