Still, the broad thrust for advanced economies appears to be moving away from easing -- and they’re not alone. When the Fed hiked in March, the People’s Bank of China followed suit hours later, though economists are skeptical that it will repeat the move if the Fed lifts rates in June.
“This is all good news,” Kirkegaard said. “We should no longer be afraid of a double dip, a recurring global crisis.”
This article was provided by Bloomberg News.