Published by : MFS Investment Managers
There is little doubt that we are experiencing the greatest monetary experiment in recent memory. Monetary policy is super easy. More than 70% of the G20 economies have central bank interest rate targets of 2%. This policy has provided a floor to the downside risks but has not fostered a self-sustained, synchronized global expansion.
Even so, several positive developments suggest we are on the cusp of improved global activity.
These include early signs of a recovery in global manufacturing and trade, an improvement in the housing market, expectations of increased capital spending, reduced financial risks in Europe and an improvement in the Chinese economy. Despite the optimism, signifi cant hurdles remain, and governments in the United States and Europe are uniquely positioned to control the outcome.
Published:26 February 2013
Business Area: Economics
Type: Portable Document Format (.pdf)
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