Fri, Dec 15, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SEB: US holds the key to economic recovery in 2014-15

Tuesday, August 27, 2013

Benedicte Gravrand, Opalesque Geneva:

Global acceleration in Gross Domestic Product (GDP) will be easier in the next couple of years, thanks to weaker fiscal headwinds and stronger monetary policy tailwinds, says SEB in its latest Outlook report. SEB is a leading Nordic financial services group.

The group expects the US to achieve an annual growth of around 3.5% in 2014-2015, the Eurozone a "sluggish" growth of 0.8% in 2014 and 1.7% in 2015 (compared to -0.5% so far this year), and the OECD’s 34 countries to go from 1.2% this year to 2.4% next year and 2.8% in 2015. "Yet major cyclical differences in growth between countries and regions will persist, posing challenges to international economic policy cooperation," the report says.

SEB assumes that inflation will remain low and stable and that "the low interest rate policies of central banks will be underpinned by macroprudential policies," hence the positive scenario.

The group believes that the U.S. Federal Reserve will not raise its key interest rate until the second half of 2015. It will decide, as the economic and financial outlook is more positive, to begin tapering its QE programme as early as next month. The Bank of England is expected to keep its interest rate at 0.50% for the next two years, while the European Central Bank may cut its own key interest rate to 0.25% at the end of this year and remain at this level for two years. As for the Bank ......................

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c