Global data continues to imply economic growth

There is little to support a pessimistic global outlook as economic news remains consistent with rec...

There is little to support a pessimistic global outlook as economic news remains consistent with recovery, according to analysts Goldman Sachs. The group says concerns that the global economy is fragile and a US double-dip recession will emerge to impact the rest of the world's economies are unfounded. Signs of recovery are broad-based with the US recovery intact and Euroland growth having picked up in the second quarter. Developments in Japan and Asia also fit the global recovery theme. 'In Euroland there are signs the outlook for domestic demand growth is turning more posit...