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UniCredit全球投资研究报告20104
1 April 2010 Economics FI/FX Research
Friday Notes
Hardly any need for investment Contents
Research Notes _____________________________ 2
Data Monitor_______________________________ 10
FI Outlook_________________________________ 16
■Strain. Anemic final domestic demand has always been the main reason
FX Outlook ________________________________ 17
for us to expect only a sub-par economic recovery in the industrialized MIB View _________________________________ 19
world. Private consumption will suffer from the inevitable ongoing deleveraging MIB Forecasts _____________________________ 20
Calendar__________________________________ 23
process and households’ poor employment and income prospects. This
should also be true for investment activity. MIB MACRO FORECASTS
■Hope. The strongest increase of US investment in equipment software in % yoy 2009 2010 2011
in 11 years in 4Q09, however, raised hopes of an investment-driven upswing, GDP EMU
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