Fri, Aug 29, 2014
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest