Global growth stays poor

Growth in the global economy remains slow, with poor earnings growth in the US, Japan and Europe. What optimism there is will come from a reform story in Japan and aggressive Fed action in the US. John Praveen, managing director of global equities at Credit Suisse, says: 'Earnings have been very poor. The second quarter ended one of the worst for the US, being down more than 25%. 'European and Japanese earnings are also weak. What we are looking for is still a change in policy from the ECB and the Bank of Japan for a turnaround to happen.' However in Europe, Praveen expects to see inf...