Thu, Nov 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Dexia economists see gentle worldwide growth, opportunities in European stocks next year

Thursday, December 19, 2013

amb
Anton Brender
Benedicte Gravrand, Opalesque Geneva:

Anton Brender, Head of the Economics Studies Department of Dexia Asset Management , a European asset managers with €75bn in AuM, and Associate Professor at the Université Paris Dauphine, together with Florence Pisani, an economist at Dexia who also lectures at the university, gave their global macro outlook for 2014 to Sona Blessing on Opalesque radio.

Anton Brender sees the world economy re-accelerating slightly in the coming years, especially in 2014. But the continuing problems in both developed and developing economies will keep growth levels below what they were before 2007. He sees the U.S. growing at around 2.6/2.7%, next year, and Europe at around 1%+.

With the momentum it has managed to build up and with less fiscal tightening, the U.S. will slowly "move out of the whole it fell in a few years ago," he adds. The Fed knows that the recovery is ongoing and that credit conditions are still very tight. So it will keep the borrowing rates low for a while longer, until recovery reaches a normal level.

Indeed, this week, in addition to the cuts to bond buying programs, the Fed also indicated that it would keep its forward guidance on interest rates remaining low over the n......................

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. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W

  2. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  3. Investing - Six more Warren Buffett buys, including Southwest Airlines, Seth Klarman's Baupost Group bets on beaten-up health care, Roark Capital offers to buy Buffalo Wild Wings: Wall Street Journal[more]

    Six more Warren Buffett buys, including Southwest Airlines From Forbes.com: Our latest recommendation for aggressive investors is Restaurant Brands International . Hedge fund manager Bill Ackman has an incredible 40.1% of his fund at Pershing Square Capital Management invested in Restaur

  4. Investing - Tages Capital steps in to rescue Italy's Banca Carige, Hedge funds place $5.4bn bet on Toshiba's resurrection, Why outside investors are fleeing: John Paulson's 6 worst investments[more]

    Tages Capital steps in to rescue Italy's Banca Carige From TheTimes.co.uk: A little known London hedge fund has played a pivotal role in the first rescue of an Italian bank without state intervention since the country's bad debt crisis started three years ago. Banca Carige, a Genovese le

  5. Tourbillon Capital, a $3.4bn hedge fund that's been sounding the alarm about 'frothy speculation,' is suffering big losses[more]

    From Businessinsider.com: Tourbillon Capital, a $3.4 billion hedge fund firm led by Jason Karp, is suffering. The firm's flagship Global Master fund is down 3.5% for the first 17 days of November, bringing performance for the year to November 17 to a loss of 10.6%, according to a note to investors s