MSI GLOBAL

	MARKET WATCH ECB's vigorous support to the banking system US banks' consumer lending remains weak East Asia's high inflation is a threat to growth Gold prices supported by geopolitical instabilities Français 日本語


Australia needs further rate cuts China's growth increasingly driven by domestic demand India's inflation is too high Indonesia remains on a steady growth path Malaysia's economy driven by strong stimulus and large net exports Philippines' strong recovery set to continue South Korea needs tighter credit to tame inflation		Argentina's stabilizing growth Brazil's slowing inflation may lead to further credit easing Chile's large reconstruction effort Mexico's continuing recovery Economic indicators for major financial markets

US banks' weak consumer lending
despite huge excess reserves

Germany's trade surpluses are a big
problem for its Eurozone partners

Japan's excessive reliance on exports
will lead to recessionary relapse

China's economic growth increasingly
generated by domestic demand

A weaker euro is an opportunity to buy
Eurozone's bluechips

East Asia's high inflation rates are a
serious threat to growth

Gold prices reflecting dangers of
geopolitical instabilities

ECB will continue to support Eurozone's
banking system

America's low labor costs will keep
boosting corporate profits

Brazil's weaker growth, slowing inflation
and strong reais make possible
further interest rate cuts

The U.S. economy will be supported by
cheap credit and a weak dollar

Japan's economy should rely more
on domestic demand

Germany's growth pushed down
by shrinking Eurozone markets

France's economy has slipped into
a deepening slowdown

Italy is back into a deep recession

Britain's huge fiscal deficits will continue
to depress demand and employment

Russia's economy supported by
strong public spending

Canada's slowdown will be reversed by
a gradual recovery of U.S. economy

Hungary's improving trade accounts

Netherland's slow economic recovery

Poland's worsening trade and
budget balances

Portugal's fiscal consolidation is
depressing jobs and income

Spain's budget cuts unlikely to be
offset by stronger net exports

Sweden's strong and well balanced
economic rebound

Switzerland: taming the franc has
created a large inflation potential