The IMF says that growth will pick-up in 2010! Positive news for the global markets. Look beyond the headline and the report is more sobering.
1. Financial institutions have a long way to go to clean-up their balance sheets. They still have trillions to write-down about half of what is expected.
2. Global imbalance drumbeat has picked up for both Germany and China. Now how is this going to be solved without further currency appreciation?
3. IMF views that we may have a jobless recovery. Keep your job wherever you work.
4. IMF forecasts that long-term growth around the globe will on a slower path.
1. Financial institutions have a long way to go to clean-up their balance sheets. They still have trillions to write-down about half of what is expected.
2. Global imbalance drumbeat has picked up for both Germany and China. Now how is this going to be solved without further currency appreciation?
3. IMF views that we may have a jobless recovery. Keep your job wherever you work.
4. IMF forecasts that long-term growth around the globe will on a slower path.
Where is the positive?
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