Spring Newsletter 2012

The world economic outlook is improving, albeit slowly and it seems some stability is returning at last.

Europe’s currency and debt issues remain, and much of the euro zone has contracted. Crucial decisions affecting the giant US economy are on hold until after November’s presidential election while China remains a positive, especially for Asia and Australia. With this background, the International Monetary Fund is forecasting world growth around 3.5 per cent for 2012, picking up next year.