|
|
From Kirsten Bischoff, Opalesque New York:
While there is no doubt that further quantitative easing, still plummeting housing values, lackluster jobs reports, and turmoil in the commodities markets is taking its toll on the nerves many managers, there seems to be a sense that, for now, we will continue to see steady, if sluggish growth. "We see a sustained recovery in global GDP," said Joseph Amato, President and CIO at NY-based asset manager Neuberger Berman, to a room of reporters on Thursday. Amato acknowledged that there is definitely a slowing down in the recovery, but for now, the firm does not see that recovery rolling over back into another recession.
Firms that survived the financial crisis, largely did so due to their risk management capabilities. While many still have reservations about what will happen over the next few months, many are choosing to remain optimistic about the continued US recovery and growth across much of the globe.
"We believe worldwide economies are generally on the path to recovery and expansion," Chairman and Chief Executive Officer George Walker said in a statement. "In the US we are encouraged by the strength of corporate profits and robust balance sheets, and by growth, albeit slow, in employment. We remain vigilant on the impact of massive debt burdens confronting many developed nations and of inflation risks in the world."
N...................... To view our full article Click here
|
|
RSS
