Economic Trends
2nd quarter 2009
Editorial: The global patient
Macro outlook: summary of the key points
USA: Sustained reanimation of the economy
Eurozone: In step with the USA
Germany: Dramatic collapse, unusual recovery
UK: Bank of England’s drastic steps
Switzerland: Caught in the crossfire of two global crises
Japan: Its worst recession, and little sign of improvement
Emerging markets – Central and Eastern Europe: Lifeline from the West
Emerging markets – Asia: The job market is an added drag on growth
Emerging markets – Latin America: Greater resilience is no defence against slump
Fixed-income markets: Between two extremes
Currencies
Oil market: Oil price bottoming out
Forecast tables