Phillip Poole, Global Head of Macro and Investment Strategy, HSBC Global Asset Management shares the global macroeconomic outlook in 2012

The eurozone is a big macro risk, and there's little vsibility through to the end of 2012. Growth will be low in the developed and emerging world. Liquidity is abundant, and this will help keep assets afloat. The biggest risk at the moment is if Greece exits the Eurozone, as there will be a contagion risk. Labour in the US is another risk, as continued employment weakness will lead investors to questiont he strength of the US market. Dividend equities are currently attractive, along with EM fixed income debt.