AMP Capital's Investment Brief - March 2010

March 2010 Investment Brief

The Investment Brief delivers a comprehensive commentary on investment markets.

Global Review:

Economic data released in March showed that a broadly based global economic recovery remained on track. Weak inflation pressures in the developed world were keeping central banks at bay on rates, but with a pick-up in emerging market inflation, central banks in those regions were more focused on tightening policy.

Global Outlook:

The global economic recovery is broadening and intensifying, as expected, and global GDP growth should exceed 4% this year. But for this to be sustained into next year, we need to see a more meaningful pick-up in fi nal demand, otherwise  the recovery so far - driven by temporary fiscal stimulus and changes in inventories - will not be sustained.

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