First, the US economy, still the biggest determinant of global activity, is gathering strength
SINGAPORE (Apr 15): Gloom pervades the reports we read on the global economy. Data showing a slowdown is described breathlessly as the worst in so many months or years, giving a sense that things are just getting from bad to worse. Now, the International Monetary Fund has joined in and downgraded forecasts for global growth. But are things really that bad? In fact, we find five strong reasons why global growth could surprise on the upside, boosting prospects in our trade-dependent region. There are certainly a number of risks that we should be aware of, but our view is that the likelihood of these materialising is not great.
So, what are the positive drivers?
