Evy Hambro, Economist: Possible End In Sight For Global Economic Crisis

A UK economist specialising in China says that the economic stimulus package implemented by the Chinese government earlier this year could have positive impacts on world growth and save the global economy from a deep recession.

"I do think we are starting to see the green shoots of recovery and also confidence coming back with regards to people's outlook for the Chinese economy," BlackRock portfolio manager Evy Hambro said during a teleconference

Mr Hambro said industrialisation of the world's emerging nations was still taking place and would continue to be a "significant" driver of commodity demand over the next 10 to 15 years.
"We believe we're going through a short-term dip in what is at the end of the day a very long-term trend," Mr Hambro said.

"Demand at the end of the day will recover.
"These are not luxury goods these are essential goods people need to run their lives and you can't live without oil, you can't live without energy and many metals."

Via: SMH