The investors worldwide are apparently getting better in sentiment. The bullishness in global stock markets gave way to the popular belief that the world economy would be on a recovery path, likely to be at the year's end.
Notwithstanding some signs a global economic freefall might be starting to subside, there is still plenty for the finance chiefs worldwide to worry about.
IMF forecast this week said the global economy will shrink 1.3% this year and only slowly recover in 2010.
Amidst the impact of optimistic and pessimistic views globally, I was invited this evening by Methodist Young Adult Fellowship of Hwai Ang Methodist Church to share on the current recession.
My talk covered the underlying causes of the financial tsunami, the rise of Asia (notably China) in economic power, the path to recovery, the investments at the turbulent times etc.
The sharing session ended with a Q & A. The MC opened the time to the floor to feedback and question.
I concluded with a word of caution that there are still persisting downside risks, for example due to ongoing global deleveraging, continued pressures on financial systems.
My heartfelt appreciation to Rev. Sii How Chiong and MYAF of Hwai Ang Methodist Church for giving me this wonderful opportunity to share with all of you.
The picture shows IMF Managing Director Dominique Strauss-Kahn (centre) at a press conference.
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