Fasten your seatbelts | Bangkok Post: business

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Fasten your seatbelts

Asia and the rest of the world await more market volatility next year as Fed wrestles with tapering strategy and timing.

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Although the global economic outlook for next year is improving as the United States and Europe recover, capital markets will remain volatile as the US Federal Reserve tapers its quantitative easing measures, likely by the end of the first quarter or early second quarter, say top regional analysts. 

“The overall outlook seems to be positive for next year with the recovery in the United States and stabilisation in Europe,” said Michael Spencer, chief economist and head of research for Deutsche Bank based in Hong Kong.

With credit growth far outstripping GDP growth in Asia, central banks must be very vigilant about household debt, says Lord Adair Turner.

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