US economic recovery will gain momentum, says PwC.

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GDP growth in the US is set to increase at its highest rate for 10 years in 2015, while growth in China could fall to its lowest level since 1990, according to forecasts by PwC.

Citing fading unemployment and a possible increase in household consumption, the audit giant estimates that the US economy could expand by more than 3 per cent this year, which would represent its highest annual growth rate since 2005. Despite forecasts that China will make the second-biggest contribution to global GDP growth in 2015, its projected expansion of 7.2 per cent would still be its smallest for 25 years.

PwC expects both growth and inflation to remain low in the eurozone in 2015, increasing the likelihood that the European Cental Bank mil resort to...

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