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  • Argentina – Unpredictable policy mix likely to persist - Updated Wed June 27, 2012

    Economic backdrop is worsening, with stagflation in view in the months ahead • Public-sector financing needs appear manageable in the short term • We do not expect a major one-off devaluation, although worries persist about an official dual FX sys...

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Global Focus - The world in transition

The world economy is in transition. Global growth rates are picking up, but transition means elevated risks and volatility. In terms of global implications, all eyes will be on the US and China, with the US normalising monetary policy and China rebalancing its economy.