After three quarters of sombre developments, the prognosis for the global economy is looking decidedly better. It is safe to say that the worst in Europe has passed. Probably, but we reserve the right to have a ‘J.M Keynes change of mind’ consequent on any new evidence to the contrary. The recovery in the US continues to gain traction and all eyes are now on China. Despite the recent dip in activity, AME opines the concerns on the near term Chinese growth story will prove unfounded.
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