LME week – Macquarie Research looks beyond China for signs of recovery
Macquarie Research notes “after last year’s LME week, the consensus was that we were in for a major prolonged slowdown in the wake of the global financial crisis. There were also fears at the time (fulfilled for a while) that China would also be part of a synchronised slowdown. As it turned out, China turned its economic policies on their head from a tightening bias at mid-2008 to a loosening bias by year’s end, stimulating one of the strongest demand recoveries ever witnessed in that country, and that is saying something! (more…)
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