Tue, Feb 9, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The world economy’s wounds are healing

Friday, November 22, 2013

Benedicte Gravrand, Opalesque Geneva:

According to Union Bancaire Privée (UBP), one of Switzerland’s leading private banks (with CHF81.1bn ($85.7bn) in AuM), the world economy’s wounds are healing. The bank’s economists see for 2014 continued speed-up in growth, a stronger G7 recovery and dovishness from the central banks.

"The market cycle should enter a more mature stage under the impetus of brisker world trade and, above all, a rebound in corporate capital expenditure," UBP’s release notes. "This will restore developed countries to their full growth potential and continue to heal the scars of the 2008 crisis."

Patrice Gautry, UBP’s Chief Economist, foresees that "rather than going back to how it was in 2006-2007, the market is more likely start a new, more lasting growth cycle, driven by the corporate world and its investments".

Developed countries will fare better, with the US intensifying the pace. Emerging countries will have to rebalance their investment-dependent economies through increased consumption and better competitiveness. Central banks can help in the recovery, UBP note, but should not withdraw their support too soon.

"Monetary policy will have a major role to play in this return to growth, even though words and actions will vary considerably from one central bank to the other", adds Mr Gautry.

"In 20......................

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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time