Outlook for Investment Markets
Investment markets were unsettled over the past month, principally by the Greek and wider Eurozone debt problems, but also by fears of slower than anticipated global growth. Shares suffered, and there was a rush for the perceived safety of high-quality government bonds. Uncertainty over Eurozone problems could persist for some time, but worries about the global economic outlook appear alarmist. Some of the recent flight from equities to bonds may well reverse as economic activity picks up again later this year and into 2012. The local economic outlook remains strong on the back of high export prices and continuing rapid growth in Asian markets.
Read the full article here.