Global economy recovering steadily while market confidence remains fragile, MCI fell by 69.7 points
According to the latest research statistics by WitsView, MCI fell by 69.7 points from 4618.9 to 4549.2 points during 2/9~3/14. The global economic focus has been transferred from European debt crisis to world economic data. Greece is expected to receive the 2nd bailout offering from European Central Bank, for most of the Greek debt owners have agreed to participate in the debt reduced agreement. The outlook for global economic performance indicates that China GDP growth for 2012 was revised downward to 7.5% on 3/5, appearing to be its lowest growth rate in eight years; while Japan’s current account deficit hit record high in January, explaining Japan’s export-led economy remains fragile with the profound influence of recessed European economy.
Dragging down by the countries affected by the European debt crisis, Euro zone’s economic slump remains. The recent crude oil price keeps rising as tension grows between Iran and the West; therefore, it is worth observing if the future oil price trend and global inflation will further affect the momentum of global economic recovery.
More detailed analysis is provided to WitsView Intelligence members. Interested in being Intelligence members? Contact us! mkt@witsview.com