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- Central bank decisions have helped markets shrug off an economic situation which remains bleak.
- In the US, November’s presidential elections will only have a limited impact on financial markets, except over the very short term.
- Looking further out, sectors in the US like property and autos have the potential to grow.
Interventionist Central Banks or ailing growth: which will win out?
The global economy will continue to grow albeit at a slower pace than in 2011 but efforts to reduce government deficits in Europe will mean continued stagnation and, in some cases, a decline in activity. For Europe, monetary policy will be just as decisive as the introduction of rescue mechanisms like the ESM for the eurozone’s most vulnerable...
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