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China leading the global slowdown
We said a year ago that China was leading a global recovery, but now it seems that monetary tightening in China has created a soft patch for manufacturing that is spilling over to the US and Europe. |
We do not fear a collapse in China, however, as the government does not want GDP growth to dip below 8 percent. But the fragile state of domestic demand in the OECD and tighter fiscal policies ahead mean that the continued strength of domestic demand in emerging economies is more critical than ever for a sustained.
 Read the full report from 3 Sept 2010
Updates
Handelsbanken's global macro forecast is updated three times a year. In between, updates are published and the current forecast may be revised.
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