Senior analysts at Axa Investment Managers fear the global economic recovery will taper off from the second half of 2010.
“2010 will be a year of two halves,” says Sebastian Paris-Horvitz, chief investment strategist at Axa. “There will be a strong return to growth for the first two quarters, but the second half of the year will be less promising as markets struggle with tighter policy and inflationary tensions.”
Paris-Horvitz and strategist Raphael Gallardo say excess global liquidity fuelled b
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