‘US economy could be one of the big surprises in H2’ 2011 – SocGen

In its latest Quarterly Commodities Review, Société Générale takes the view that , at a “time of significant doubt for the outlook for the global economy” the recovery is sustainable and the bank is looking for a stronger second half-year.  Headwinds persist, however, and the recovery in the advanced economies is likely to remain relatively sluggish.  SocGen believes, though, that it will be possible to engineer a successful landing of the emerging economies (notably China), that should allow the recovery in the advanced economies to remain stable.