Global Economic Review: December 2010

Global Overview Global economy gains pace, but Asian inflation risks cause concern Renewed fears about a sovereign debt crisis in Europe and concerns about slower growth in Asia offset continued improvement in global economic data during November. China increased its bank reserve requirements twice last month to slowdown credit expansion and the consequent consumer demand growth, as inflation accelerated again in October. Rising prices are a worry in several other Asian countries, including India, Korea, and Indonesia. It is expected that central banks in these countries may have to tighten monetary policy faster than currently thought, which will likely slow down the pace of growth. Read more

Please visit our web site at www.thomaswhite.com to learn more about 45 countries worldwide, as well as the Thomas White Funds. Short introductions to our most recent content are given below.
Monthly Economic Reviews
	Europe Although several European economies expanded in the third quarter, concerns over the debt problems of countries such as Ireland and Portugal have kept investor sentiments low in the region. Read more
Weekly Postcards
	Morocco King Mohammed VI is the most powerful man in Morocco, but he also owns more than half of what is becoming increasingly one of the most precious economic resources – phosphates. Read more

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