Economic Outlook for 2010

The financial crisis of 2008-2009 has shown that the Economy Matters. In 4Q-2009, mobile handset shipments dropped 1.6% quarter on quarter when they should have been up 18%, based on long run historical norms. In mid 2009, as the rush of liquidity flowed back into the economy, the “feel good effect” of the rise in stock and asset market indicators has served to buoy the business confidence and to some degree, consumer confidence. But will it last? Is it legitimate?

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