Pros Say: Consumers Crucial for Recovery

As investors look for signs of an economic turnaround in corporate earnings and stock market performance, concerns still remain over the state of consumers and their willingness to spend as the recession grinds on.

Analysts told CNBC that buoyant consumer activity is vital to a strong economy and any potential recovery could stall without it.

Injecting Consumer Optimism

US President Barack Obama “is trying to inject optimism among consumers because they are a necessary part of any strategy to bring the U.S. economy up from its current recession,” Dariusz Kowalczyk, chief investment strategist at SJS Markets, told CNBC.

Consumers Finding a Balance

Economic recovery has to start with consumers rebuilding their balance sheets and then spending again, Andy Brough from Schroders told CNBC.

Still a Long Way from Recovery

Stephen Gollop, CEO of Tyche does not think the market has turned a corner. In fact, he tells CNBC that we are still a long way from recovery. In light of this, he reveals where in Asia he is investing his money.

Investor Sentiment Remains Low

Investor sentiment has improved but remains low, says Sean Callow, senior currency strategist at Westpac Bank, speaking to CNBC.

Rally in China Will Run Out of Steam

The rally in China will eventually run out of steam because the quality of growth being generated there remains relatively poor, says Fraser Howie, author of "Privatizing China".

Hong Kong Market Due for Correction: Analyst

The Hong Kong market is overbought and is due for a correction, says Peter Lai, director at DBS Vickers Securities. He explains his bearish outlook to CNBC.