Global Economic Forecast

Able to attend a presentation on the outlook of the global economy via CGMA/AICPA/CIMA.

Interesting that optimism over the global economy seems to have dropped over the last couple of quarters.  Really seen as a crisis of confidence rather than embedded in the fundamentals, the world is in a wait and see mode.

Couple of interesting comments and potential event drivers discussed to watch.

  • US election and the ‘fiscal cliff’
  • Metal production,  an indicator of growth and investment, is down
  • Demand in Southern Europe is soft, Northern Europe has been holding up
  • Growth in emerging markets
  • Increased importance of energy costs and interest rates on inflation

Things to watch.

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