BlackRock: credit market relief will take some time

Their views on global markets, economic trends and asset allocation are outlined in the latest quarterly Global Views report. On the economy, the report noted that while the slowdown was initially evident in the US, it has now become global in nature. Weakness has been driven by slowing domestic demand rather than by contagion from the US, with negative GDP growth expected in all the major developed economies. Inflationary pressures are tipped to recede, with headline rates set to fall as economic weakness persists. The BlackRock team also expects the dollar to appreciate further agai...