Will Europe Pull Down Asia?

Volatility has crept back into financial markets due to concerns that the sovereign debt crisis in the Euro-zone may lead to another recession there. At a minimum, fiscal tightening over the next few years will create powerful headwinds on growth in many individual economies in the Euro-zone. If another downturn occurs in the euro area, would it pull Asia under as well? What about the global economy? … Volatility has crept back into financial markets due to concerns that the sovereign debt crisis in the Euro-zone may lead to another recession there. At a minimum, fiscal tightening over the next few years will create powerful headwinds on growth in many individual economies in the Euro-zone. If another downturn occurs in the euro area, would it pull Asia under as well? What about the global economy? Thank you for your interest in Wells Fargo’s Economic Commentary by email. You are receiving this message because you have requested Economic Commentary information and updates sent via email. If you no longer wish to receive these emails, please click on the following link to access the Economic Commentary by email registration page: http://www.wellsfargo.com/economicsemail.

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