A Desynchronized World Economy
12:47:00, April 05, 2007
A key theme for financial markets in 2007 will be the ongoing divergences in economic growth and monetary policy trends around the world.
Our Global Investment Strategy service published their Quarterly Strategy Outlook last week, highlighting the desynchronization in the world as the key macro theme that will dictate the major market moves going forward. The U.S. has slowed considerably, reflecting the combined impact of higher policy rates and housing woes. However, the rest of the world continues to show strength, led by the low-inflation boom in China and the rest of Asia. The net result will be a less volatile global business cycle, which should help prolong the equity bull market.
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