Mon, Dec 29, 2014
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. Hong Kong-Shanghai stock link fails to live up to expectation so far[more]

    Komfie Manalo, Opalesque Asia: In a report, Reuters said that demand has been subdued with the bulk of activities coming from short-term speculative investors. Las

  2. North America - Why Steve Cohen, Connecticut hedge fund billionaire, gives so much in New York[more]

    From Insidephilantrophy.com: Billionaire Steve Cohen was born in Great Neck, New York before attending Wharton, working on Wall Street and then founding SAC Capital Advisors in Connecticut. Though his company (Point72) and foundation are based in Connecticut, Cohen and Alexandra are deeply connected

  3. Investing - Soros buys a highly speculative biotech in the third quarter[more]

    From Fool.com: …The Soros Fund bought 25,000 shares of the struggling small-cap biopharma Aegerion Pharmaceuticals in the third quarter. For those of you who haven't heard of this name, suffice to say that this was a surprising buy in light of the company's recent problems and poor outlook going for

  4. CFTC Revokes Registrations of Illinois Resident Aleks A. Kins and Chicago-based AlphaMetrix, LLC[more]

    Matthias Knab, Opalesque: The U.S. Commodity Futures Trading Commission (CFTC) today announced that it has revoked the registration of Aleks A. Kins of Chicago, Illinois, as an Associated Person and the registrations of AlphaMetrix, LLC (AlphaMetrix), a Delaware limited liability company with its

  5. Duff & Phelps acquires asset management consulting firm Kinetic Partners[more]

    Komfie Manalo, Opalesque Asia: Global valuation and corporate finance advisor Duff & Phelps Corporation and asset management consulting firm Kinetic Partners have s