Top 3 data/events
• South Africa – We close our receiver on the 2Y swap
• India – Apr-Jun 2013 GDP growth likely slipped further
• US – Q2 GDP growth expected to be revised slightly up
• Japan’s July data is likely to show a mode...
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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.
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