There'll be no 'double dip', but no boom, either

摘要

The stage is set for a global economic recovery. Improvements in business surveys, which began earlier in the year, are starting to be matched by economic data. Financial markets have also signalled the crisis is over: global equity markets have rallied, and credit spreads - the difference in yield between investment-grade corporate bonds and similar-maturity government bonds -have more than halved.However, investors are debating the strength of the recovery, and concerns persist. Households have yet to fully adjust to the credit crunch and companies remain cautious.