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Robert C. Doll From Precy Dumlao, Opalesque Asia:
The global economy will be dragged down by the ongoing debt crisis in Europe and may tip developed economies into a recession, predicts Robert C. Doll, Chief Equity Strategist for Fundamental Equities at BlackRock, Inc., investment management, risk management and advisory services for institutional and retail clients firm with $3.345tln in AuM as at end September 30, 2011.
But the threat of the European financial crisis is not limited to developed countries as emerging economies will face the danger of a recession this year, Doll added.
"In 2012, the big swing factor for the world economy will be the success of the continuing effort to fix Europe’s debt and credit issues. Failure to advance this effort could be disastrous. At the same time, we don’t need Europe to solve all of its problems in 2012 for the world to achieve an 'okay’ year. Since there is already such a significant 'crisis premium’ baked into the markets, just avoiding disaster could be enough," Doll pointed out in his report BlackRock Investment Institute report entitled "2012 The Year of Living Divergently".
Doll stated, "In 2012, the world will most likely take a middle course that will avoid both the positive and the negative extremes, but also leave a host of critica...................... To view our full article Click here
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