EFTA Document EFTA01458972

8 December 2015 World Outlook 2016: Managing with less liquidity Asia (ex Japan): Triple troubles At first glance, Asia's ongoing economic slowdown could be explained away in cyclical terms that could bottom next year. After all, the hangover from the global financial crisis of 2008-09 persists and global economic recovery is uneven. With appropriate policy support, the recovery could gain strength, and it appears that 2016 may well be the year of strong fiscal spending in many parts of