Ray Dalio: the sun is shining on the global economy

Ray Dalio, the founder of Bridgewater Associates, thinks conditions in the global economy look "pretty sunny". But for investors, political issues are now more important than macroeconomic ones.

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"Conditions in the global economy look pretty sunny," says Ray Dalio, the founder of Bridgewater Associates, "and this is likely to keep supporting equity prices for a while, particularly if investors take their cash hoards and invest them in the markets this year." However, he is worried that, as growth improves, "central banks will find it tough to raise rates without sparking a recession in a couple of years' time".

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