European Commission says economic recovery will be patchy

Professional Adviser
clock

The European Commission is forecasting slow recovery next year and into 2004 across the European Uni...

The European Commission is forecasting slow recovery next year and into 2004 across the European Union as budget deficits widen and international export markets fail to bounce back dramatically. Most dramatically, the commission says that moves to unleash growth in the US economy by cutting interest rates is losing its impact, and it does not expect any significant improvement in growth rates there until mid-way through next year. Elsewhere the picture is better, with Japan on the way out of recession in the eyes of the commission's economists and markets such as Canada, Austr...

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

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •