The title says it all really: Fragile West, Resilient East.
Standard Chartered has released a 2012 look-ahead, and the message is clear – next year will see a two-speed global economy. Just don’t call it decoupling.
Predicting a recession in Europe, slow growth in the US and faster growth in Asia is hardly news. It’s the knock-on effect of this growth pattern that is interesting. With the west in trouble and the eurozone in crisis, emerging economies are creating closer south-south ties based on what StanChart calls “new trade corridors”.
Standard Chartered has released a 2012 look-ahead, and the message is clear – next year will see a two-speed global economy. Just don’t call it decoupling.
Predicting a recession in Europe, slow growth in the US and faster growth in Asia is hardly news. It’s the knock-on effect of this growth pattern that is interesting. With the west in trouble and the eurozone in crisis, emerging economies are creating closer south-south ties based on what StanChart calls “new trade corridors”.
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