This note looks at the timing of the economic recovery globally and in Australia, how strong it might be and the implications for shares. The key points are as follows:
- The improvement in economic indicators is consistent with an economic recovery by year-end.
- While tight credit markets and ongoing deleveraging will most likely result in [...]

This note looks at the signs of recovery in China and whether or not it is sustainable.
The key points are as follows:
- China’s economy is recovery on the back of a combination of fiscal and monetary stimulus, and signs the export slump is easing. It is on track for 8% gross domestic product (GDP) growth [...]