In the US, the Federal Reserve Bank appears committed to a gradual withdrawal of its accommodative stance, but what if wage pressures begin to build? In Europe, growth has resumed and risk premia have fallen, but can European politics stay the course?

Larry Hatheway, Chief Economist at UBS Investment Bank, shares his views on global economic trends including:

  • Whether inflation has peaked in Japan and, if so, what will be the likely response of the Bank of Japan
  • Whether a hard landing in China's problematic property sector can be avoided
  • As investor nervousness continues to depress equity valuations, is the time is right for a shift of focus to fixed income and credit markets?