http://www.fxstreet.com/fundamental/analysis-reports/global-outlook/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2009-09-25.htmlEmerging markets have started recovering despite continued weakness in the more developed markets. Emerging markets in Asia (EM Asia) are leading the recovery, while signs of stabilisation so far have been only tentative for most countries in central and eastern Europe (CEE). The recovery has been driven by easier international financial conditions, strong policy response particularly in Asia, and a sharp decline in inflation. Growth in Asia is expected to slow but overall remain healthy asFri, 25 Sep 2009 07:19:55 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2009-09-25.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2009-09-24.htmlJapan started to recover in Q2 09 driven by a strong rebound in exports to the rest of Asia, inventory cuts gradually easing and fiscal stimuli. The recovery appears to be on a solid footing for the rest of the year, as these recovery drivers will largely remain in place. In 2010 the recovery will lose some steam, as the positive impact from fiscal stimuli and the inventory cycle starts to wane. The current strong pull from Asia will be hard to sustain in 2010, although Japan’s dependence onThu, 24 Sep 2009 07:07:10 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2009-09-24.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2009-09-23.v02.htmlOver the past couple of months the economic recovery has played out pretty much as we anticipated with a strong rebound in confidence indicators and a pick-up in orders and exports. We now anticipate above-trend growth in the rest of 2009 followed by lower but also more broad-based growth in 2010. The recovery will be sustainable if domestic demand begins to pick up in early 2010. Unemployment could peak earlier and at a lower level than previously anticipated. We expect unemployment to peakWed, 23 Sep 2009 07:42:56 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2009-09-23.v02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2009-09-23.htmlA significant boost from the inventory cycle, fiscal stimulus, a turn in housing and a fast improvement in financial conditions will lift growth above trend in the current quarter and the following two. Positive job growth is key for underlying demand and the longerterm outlook. We expect employment to be back in black by yearend, but a moderate slowdown in growth in mid-2010 remains a risk. Headline inflation has troughed and will pick up to 2.5-3% by year end. Core will continue its gradualWed, 23 Sep 2009 07:36:59 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2009-09-23.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2009-04-27.htmlHeading for deep recessions Agenda Russia: Labour market conditions worsen, which jeopardises recovery Very weak economic performance in Q1 09 dampens outlook for rest of the year The slowdown is broad based with serious implications for the labour market Corporate sector debt roll-over is a concern for financial stability Baltics: Painful adjustment under way The downturn steepened, and the 2009 outlook is pessimistic Unemployment has risen and the employment situation is likely toMon, 27 Apr 2009 12:34:58 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2009-04-27.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2009-03-23.htmlMacro and central bank outlook • Global: The global economy is in its worse crisis since the 1930s and GDP is falling rapidly. However, we expect massive stimulus packages to lead to a gradual improvement, starting in the US and Asia in H2 2009 and spreading to Europe during 2010 (see Global Scenarios, March 2009). We expect global leading indicators to rise during the spring and summer. • US: The economy is likely to remain in recession for a while yet, as the effects of continuedMon, 23 Mar 2009 10:53:09 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2009-03-23.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2008-12-19.htmlMacro and central bank outlook: • Global: The world economy is currently in its worst recession for decades. We expect the weakness to continue over the coming quarters but for a modest recovery to begin in the middle of 2009. The US should be the first to recover followed by Asia, whereas Euroland will be the laggard (see Global Scenarios, Dec 2008) • US: The economy will remain in recession through Q1 but the contraction will be milder than the exceptionally sharp drop in activity seen inFri, 19 Dec 2008 09:39:01 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2008-12-19.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2008-04-18.htmlMacro and central bank outlook: • Global: The global picture is dominated by the significant slowdown of the US economy and the financial crisis. A continued rise in oil and food prices is adding to the economic woes globally, although commodity exporters are benefitting. The US is set to experience a significant slowdown in the first half of 2008 but is expected to recover slightly in the second half. Euroland will slow down further and the Emerging Markets will also feel the headwinds andFri, 18 Apr 2008 07:09:27 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2008-04-18.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2008-04-03.htmlIn this issue: Tighter credit everywhere it’s no longer only about sub-prime An intensifying housing correction Continued substantial drag from housing. Non-residential construction sector-the next accident to happen? Impact from food and energy prices-the worst since Katrina. A recession may be imminent or already unfolding-risk of a renewed dip when tax rebates lapse Monetary policy willeventually work-but it may take a bit longer this time around. Slower demand = slower industry EurolandThu, 03 Apr 2008 12:27:19 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/global-outlook/2008-04-03.html