Global growth remained modest during 2Q 2015 due to major markets’ divergent performances. Squarely focused on domestic developments, the US economy looks to be on firmer ground while the Eurozone seems to be rallying by leveraging lower energy costs and adhering to quantitative easing measures. That said, a stumble in Germany’s growth and the ongoing Greek ‘Grexit’ crisis highlights the turnaround’s fragility. Here in Asia, China’s central government has cut its key lending rate for the fourth time in seven months in the face of an economic slowdown while the Japanese economy has experienced a modest recovery following a slight rebound in consumption.
Source : Colliers International