‘Unwarranted’ Fears Over Global Deflation

Tim Stewart, InvestorDaily

Franklin Templeton global macro chief investment officer Dr Michael Hasenstab has given an upbeat assessment of prospects for markets in 2016, with no global recession on the horizon.

“Despite downward revisions to 2016 global growth projections by the International Monetary Fund, the Templeton global macro team does not anticipate a global recession or global deflation,” Dr Hasenstab said.

Franklin Templeton’s growth projections for 2016 are 2 to 3 per cent for the US; above 1 per cent for the eurozone; around 1 per cent for Japan; and between 6 and 7 per cent for China.

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