Sparks fly in economic divergence debate

Divergence has become a buzzword in global economic circles of late and it was out in force yesterday at a forum organised by industry body Asia IRP in partnership with AsianInvestor. But while it was used in reference to the speed of recovery in developed markets, it could equally have described panelists’ views on whether the US Federal Reserve would start raising interest rates next year. For the record, the panel of four was evenly split. In the opening debate at Asia’s Inde…