There is nothing really new on the global growth front right now. Economic momentum is expected to gradually accelerate in the US. In the Eurozone, the idea that the recession could terminate sometime in Q3 seems to be confirmed by most recent indicators. If the Japanese economy is still fighting deflation, the willingness of policy makers to reflate very much remains intact. There is no main reason to express any serious concerns about slightly slower growth than forecast in China as long as the government, if needed, has both the will and means to provide further stimulation if needed. In such an environment, how ... (full story)