By  on May 7, 2009

Financial analysts and private bankers expect the global economy, with the help of a more dynamic Asian region, to bounce back sometime in 2010, but also anticipate employment prospects, vital in reviving consumer demand, to lag behind.

“I think 2010 will be the turning point in terms of the global economy,” said Olivier Collombin, executive director of the private bank Lombard Odier, Geneva, one of Europe’s oldest private banks. “And as we all know, the markets will anticipate it,” he said in an interview on the sidelines of a conference by the Convention of Independent Financial Advisors, an umbrella group that represents independent asset managers who oversee more than 20 percent of global wealth.

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