KCIC全球经济研究报告逐步复苏亚洲领先.pdf

Gradual recovery, Asia ahead KCIC March 2010 www.kcic‐/research KCIC Research at a glance Every month, we provide: 1) Macroeconomic outlook. 2) Analysis of all countries in Asia and  GCC, and some key industrialized  economies. 3) Trading developments on all major  commodities. www.kcic‐/research Alessandro Magnoli Bocchi Mert Yildiz Thomas Zhang Fatema Akashah Chief Economist Senior Research Analyst Senior Research Analyst Junior Research Analyst amagnolibocchi@kcic‐ myildiz@kcic‐ tzhang@kcic‐ fakashah@kcic‐ IMPORTANT DISCLAIMER: The information contained in this report is prepared by the Research Department of the Kuwait China Investment Company (KCIC) and is believed to be reliable, but its accuracy and completeness are not warranted. Opinions, estimates, and investment strategies and views expressed herein are: 1) based on current market prices, data, and conditions; 2) subject to change without notice; and 3) may differ from the opinions expressed ‐for other purposes or in other contexts ‐by other areas of KCIC. KCIC does and seeks to do business in countries covered in its research reports; hence, investors should be aware of potential conflicts of interests that could affect the reports’ objectivity. Research recommendations do not constitute financial advice nor extend offers to participate in any specific investment on any particular terms. Investors should consider this material as only a single factor in making their decisions. 2 Macro Outlook – March 2010 Executive Summary 1. Short term outlook: policy‐induced rebound, de‐synchronized reco