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Global Research

Global Economic Outlook and Strategy

Still Positive On Global Growth

February 2010

  • Despite market nervousness over sovereign credit worries and tightening global liquidity, we believe that global recovery is becoming more firmly entrenched.
  • China has taken a strong start to removing stimulus in 2010, although we do not expect the PBOC to hike rates until Q3.
  • Chief Economist Essay: While near-term global growth prospects are improving, the medium-term outlook will depend on decisions on three vitally important issues: US fiscal policy, FX policies of China and other highgrowth emerging markets, and the EU/euro area sovereign debt crisis.
  • For more, please read the full report below.

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