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The global economy will continue to improve slowly with growth around 3% in 2013, according to forecasts from the Swiss UBS bank. Larry Hatheway is Managing Director and Chief Economist at UBS Investment Bank. During a press conference at UBS Luxembourg, he spoke about China’s economic acceleration and the Eurozone’s slowing decline.
“The Eurozone is in a recession but the situation is not getting worse. Politics is where the risks reside”, Larry Hatheway explains. The Chief Economist at UBS Investment Bank sees four distinct risks over the next six months. One of these risks is the election in Italy, where the markets are anticipating a narrow victory for the centre-left. Almost any other outcome will be a disappointment for the markets.What about a comeback by Silvio...
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