There appears to be no escaping the fact that the world economy, if not headed for recession, is certainly headed for a period of stalled growth. Japan is slipping into its fourth recession in 10 years as the Nikkei 225 slumps to fresh 16-year lows. The US has recorded its lowest quarterly annualised growth rate in eight years and even the UK economy no longer appears to be insulated from the downturn.
The joker in the pack still appears to be the eurozone. It would seem that every pundit in the