Capital Markets Outlook Spring 2Q12
Settling Down to Business
April 11, 2012
In the first quarter of 2012, investors repriced riskier assets, which outperformed. Stocks rallied and fixed-income sectors like emerging-market debt and corporate bonds outpaced developed government bonds. What’s changed? Promising economic data outside Europe suggests further growth. Emerging nations, including China, will lead. US growth should be faster than expected. Prominent risks could still threaten the global economy, but we expect growth to continue in 2012.