Media investment to fall as Americas drop back
Adam Smith GroupM
The global economy is likely to grow at around 5.5% (in cash terms) in 2006 and 2007. This figure is unchanged since GroupM’s report last June, though inflation ticked up half a point in 2006 (to a predicted global average of 3.3%) and by a quarter for 2007 (to 2.8%). In general, the cost of borrowing is below the rate of growth, so money is still loose, from which we might infer that the West’s central banks are more worried about growth...