A Stronger Quarter, But Recovery Remains Fragile
Commentary
Efforts to restore the global economy to health are starting to take hold, but the recovery remains fragile. The bottom line is that the ‘patient’ has survived but is now suffering the side effects of the powerful ‘medicine’ of government intervention and will take some to fully recover...
Perspective - Second Quarter, 2009
► The worst is behind us, but the global economy remains fragile
► It will take some time before a strong, sustainable recovery is in place
► Stock markets will begin to respond to evidence of increasing earnings
► Shape of global growth is changing with BRIC projected to assume lead
► New opportunities are adding value
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