China Creates a Bouncing Baby Greece Every 3 Months
Source: IMF and Todd Asset Management
The ongoing Greek negotiations have involved a fair amount of "childish" behavior, but in all seriousness China creates a bouncing "baby" Greece every 3 months.
Regardless of what happens to Greece, Euro Area GDP is expected to grow by 2.0% this year pushing global growth over 3%.
Our view is that investors should ignore the noise surrounding Greece and focus on improving global economic growth.
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