Country risk Mar 2001: Cautious optimism on world economy
In the past Euromoney’s country risk ratings have been reliable lead indicators of dips and surges in the world’s economic cycle. Six months ago the global economy looked in fine fettle, underpinned by favourable commodity prices and strong growth in developed countries. Financial markets are fearful this is about to change. Analysts’ forecasts for economic performance are noticeably lower than in September’s survey. But it’s not all doom and gloom. Research by Damon Ivanics and Andrew Newby
Our analysts are still optimistic about the world's largest economy, for all the recent discussion about a possible recession. Any concerns about a hard landing in the United States are not reflected in their overall rating of its economic performance, which has even risen since last September's review.
Indeed ratings for a clear majority of countries - 106 in all - and 94 country scores for wealth-adjusted economic performance have been revised upwards.