Is the global equity juggernaut losing steam?

THE billion dollar question today (as always) is "Is it too late to buy equities now?" As always, the answer is more nuanced than a simple yes or no.

Growth stability

Global growth has been on an upswing for the last decade. With US growth expected at 2.7 per cent this year, China at 6.7 per cent and India, the fastest growing large economy, at 7.6 per cent, overall global growth will be a healthy 4 per cent. Even Europe is growing at a respectable 2.5 per cent, and Brazil and Russia are emerging from their slump.