CIAO DATE: 07/2013
June 2013
*After a series of setbacks, the global economy is slowly mending
*US economy is strengthening; star performer
*Jobs market is on a modest upswing
*Housing is bouncing back
*China is recovering from a slowdown
*Boom years are over, but so is the slump
*European debt crisis is stabilising...
*...but austerity is killing the economy
*Euro zone remains big drag on global growth
*Japan is showing signs of recovery under a new government
*Central banks are supporting the bounce back in a big way
*Don't expect a brisk recovery, though; many risks remains
*Debt levels still high; asset prices are volatile; tensions in Middle East, China, Korea
Resource link: The global economy: Healing or still hurting? [PDF] - 694K