Cautious outlook on global recovery


PETALING JAYA: Although indicators like the Organisation for Economic Cooperation and Development (OECD) composite leading index (CLI) are showing signs of global recovery by registering its third successive month of gains since January, there are still risks that could impact the recovery.

CIMB Economics Research said it was cautious as there were tail risks despite the encouraging global data as well as positive policy developments helping to calm waters in Europe and the United States.

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