Bullard revels in greater global certainty

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James Bullard, the Federal Reserve Bank of St Louis president, yesterday said decreasing global economic uncertainty bodes well for US macroeconomic prospects this year.

Speaking at Arkansas State University, Bullard said uncertainty may persist for some time, but 2013 should bring a reduction from the high levels of the past three years.

He said the euro area is likely to "see either a stabilisation or some recovery" in growth, while the emerging markets should benefit too. In 2012, the Brics –

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