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First Signs of Economic Recovery
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Liquidity is driving the markets, global monetary policy remains heavily expansive. Muted growth outlook for CEE.
First Signs of Economic Recovery / Picture: © Vindobona.org
“Falling profit estimates, continuing recession in Europe, which is also reaching the core Euro states, and no final breakthrough on the Eurozone debt issue, yet risky assets confirmed their upward trend in the fourth quarter of 2012. This discrepancy is expected to continue at the beginning of 2013,” said Peter Brezinschek, head of Raiffeisen Research, a unit of Raiffeisen Bank…
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