We have previously highlighted on Risk Watchdog how the aftermath of the global financial crisis has exposed the structural imbalances in many developed economies, while also singling out those emerging markets which are in a fundamentally sound position to exploit the global economic recovery. Poland and Greece are certainly two prime examples at opposite ends [Read more...]
After Thursday’s European Central Bank (ECB) announcement that they were cutting rates by 25 basis points to 1.00% and pumping ever more money into the markets, Business Monitor International’s Global Economic Strategist, David Snowdon, appeared on CNBC to talk about the move.
At the core of the ECB’s decision was the realisation of quite how terrible [Read more...]
I am of the belief that the European Central Bank (ECB) will cut its key interest rate to 1.00% by the end of 2009 from 2.00% at present.
The economic outlook for the eurozone is bleak to say the least, with Business Monitor International forecasting a 3.0% contraction in GDP in 2009. Meanwhile, inflation is in [Read more...]
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