Sun, Oct 23, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

OECD: Global economy is moving forward at multiple speeds

Friday, June 07, 2013

Benedicte Gravrand, Opalesque Geneva: - According to the OECD’s latest economic outlook, out last week, "a variety of factors account for the different speeds at which growth is projected to strengthen in advanced economies."

These factors include household deleveraging; health of the financial system; fiscal consolidation; and monetary policy stance (generally supportive but with some variation).

Advanced economies’ growth should strengthen gradually past mid-2013 and through 2014, thanks to monetary policies, better financial market conditions and increased confidence. That is, if everything stays the same.

The country that will mostly benefit from the upturn is the United States, whereas the euro area’s growth will continue to be limited by its own crisis and fiscal and credit issues. Japan will see an irregular growth pattern following its recent policies.

The overall pattern of growth within emerging market economies will be modest, but China will lead and other countries will follow, limited by structural factors and in some cases, stagflationary tendencies.

Labour markets should firm in the U.S. and Japan but unemployment may continue to rise in the euro area, says the OECD.

Inflation is expected to go up a bit in the U.S., as well as Japan. But it should remain low in the euro area, and vary across the large emerging markets.

As for monetary policy, the OECD believes it needs to remain easy in the U.S., and asset purchases be reduce......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p