The global economy is sitting at a ‘tipping equilibrium’ that cannot persist indefinitely. If confidence about the Eurozone worsens it could send us on a downward spiral of ever worsening confidence and crisis. If confidence improves it could rapidly release pent-up demand.
Joshua McCallum, Senior Economist at UBS Asset Management, has giving his views on the current state of the global economy. To read this, please download the PDF file below:
