Contents
Economic Research notes
Global deflation delusion9
Pressure on Euro area inflation is
  falling rapidly11
Kiwis facing strong headwinds13
Kuwaiti authorities committed to
  financial stability15
Selected recent research from JPMorgan
Economics                                       4
Global Economic Outlook Summary5
Global Central Bank Watch6
The JPMorgan View: Markets7
Data Watches
United States19
Euro area27
Japan35
Canada39
Mexico41
Brazil43
Argentina45
Andeans47
United Kingdom49
Sweden and Norway53
Central Europe55
Turkey59
Australia and New Zealand61
China, Hong Kong, and Taiwan65
Korea69
ASEAN71
India75
Regional Data Calendars 80