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Global Financial Conditions: An Outlook - Jones Lang LaSalle

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Malaise Currently Confined to <strong>Financial</strong> Sector…<br />

12<br />

4<br />

10<br />

%<br />

Average speculative grade default<br />

rate, global corporate, %<br />

8<br />

6<br />

4<br />

2<br />

0<br />

2006<br />

2008*<br />

1970<br />

1972<br />

1974<br />

1976<br />

1978<br />

1980<br />

1982<br />

1984<br />

1986<br />

1988<br />

1990<br />

1992<br />

1994<br />

1996<br />

1998<br />

2000<br />

2002<br />

2004<br />

* Jan-Feb<br />

Source: Moody’s

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