The surprise rise in German and French gross domestic product does not mean the world recession is over, and central banks are likely to make mistakes that would bring about a second recession, Roger Nightingale, strategist at Pointon York, told CNBC Friday.
"It's been very rare for them not to make policy mistakes in the past," Nightingale said. "You are in a semi-depressionary situation all around the world. I would think that in fact a central banker raising rates now would make a policy mistake."
Australia's central banker sent the Australian dollar to an 11-month high Friday after saying the country's interest rates will be noticeably higher than the current 3 percent rate, while analysts have said the European Central Bank may start thinking of tightening after the good GDP numbers from Germany and France.