Since spring 2009, the global economy has been growing again. However, there are significant risks. The euro-zone suffers from a sovereign debt crisis, high US unemployment has hardly fallen and growth in China may slow down markedly.

Dr. Joerg Kraemer, Chief Economist of Commerz Bank, critically analysed these risks. He gave an outlook for the US, European and Asian Economies and demonstrated what this could mean for FX and fixed income markets.