Are we facing a slowdown in global growth?

The outlook for the global economy may not be as bad as it appears, says Peter Allwright, portfolio manager at RWC Partners.

The first three months of 2011 have been anything but uneventful. We have had terrible natural disasters in the Asia-Pacific region, large-scale civil unrest in North Africa and the Middle East, renewed sovereign debt concerns in the eurozone, and an ongoing nuclear crisis in Japan. The backdrop Abstracting from these adverse geopolitical and geological incidents, the economic backdrop at the beginning of 2011 was relatively sanguine. There were hopes across the developed world that this year we would see the recovery really get going, building on the progress made in 2010. What we ...