The inflation outlook remains benign in the US and Europe, while Japan remains mired in deflation, a...
The inflation outlook remains benign in the US and Europe, while Japan remains mired in deflation, according to Goldman Sachs. Recovery across most key markets is starting to feed through. However, business surveys indicate better prospects for growth in the UK, while, in contrast, the Japanese economy appears to be languishing in its third recession in 10 years. Chris Tracey, investment director at JP Morgan Fleming, says March was a positive month for the major markets, but it was not enough to produce anything more than a flat first quarter for global equities. The star performers...
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