By Liz Feinstein, European fund manager at Friends Ivory & Sime Although Continental Europe has b...
By Liz Feinstein, European fund manager at Friends Ivory & Sime Although Continental Europe has been adversely affected by the US-led global slowdown, European countries are about half a year behind the US in terms of their position in the economic cycle. While the Federal Reserve quickly adopted an aggressive monetary easing stance, the European Central Bank (ECB) lagged behind. European exports were the first to suffer the effects of the recessions in the US, Japan and parts of East Asia. In contrast, domestic demand initially proved more resilient, although it has begun to w...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes