NAPERVILLE, Ill. and LONDON, April 11, 2012 /PRNewswire/ -- Calamos Investments, a global investment management firm, released its Global Economic Review and Outlook. Calamos' Co-Chief Investment Officers, John P. Calamos, Sr. and Nick P. Calamos provide their views on the current economic environment and discuss factors which may affect the global markets and investing opportunities and risks. Calamos invites you to read the entire April 2012 Global Economic Review and Outlook titled "All Debt Gets Repaid with Someone's Equity" at Calamos.com/Outlook. Topics include the following: Global Economy: > >Coordinated reflation has provided a welcomed boost, but cannot sustain global growth. Historically, when liquidity has waned, equity markets faltered and economies weakened. > >A mild recovery and low growth for the U.S. For the foreseeable future, the U.S. economy will have good quarters followed by weak ones. We expect real U.S. GDP growth of around 2% until the debt reduction cycle plays out further around the world. > >Emerging markets can't do it alone. Until the major world economies reach more reasonable debt levels, global economic growth will likely be below the historic average. Currency wars and trade protectionism must be held in check to allow for the competition that fuels innovation and growth. > >A bull market, eventually. The developed world's fiscal and financial situation can be reversed and a new bull market will occur again. A secular bull market requires a few more years of debt reduction, normalization of rates or at least the likelihood of normal rates, fiscal solutions to developed world deficit spending and the creation of a pro-growth, pro-business environment. Investment Opportunities: > >Equities are the most attractive asset class. We believe equities are the most compelling asset class over the next five or so years, although performance will be more measured than the bull market returns of the 1980s and 1990s.