NEGOTIATING THE "W"

06 August 2009

The "W" economic scenario is on track. Quid of the stock market?


Slowly and somewhat reluctantly, economists have been turning more optimistic. Expectations of a bottom for the U.S. recession some time before or around year-end are becoming the consensus, and a proliferation of economic "green shoots" abroad is having a similar effect on forecasts for Europe and Asia. China, in particular, is now deemed to have brushed off its temporary slowdown and to be on track for growth approaching 8%.

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François Sicart 
6 August 2009