Global Macro Watch
US: How Far Have Households Gone in Repairing their Balance Sheets?.............................p 9
Germany: Politics Ahead of the Polls.....................p 9
France: Labour Market – ‘The Mother of All Reforms’................................................................p 10
Greece: From Shake-Up to Shape-Up?................p 10
China: Macro Data Further Confirm Growth Recovery Is Well on Track.....................................p 11
Mexico: Mexico’s Moment Faces the Cycle.........p 11