Bond Outlook [by bridport & cie, January 27th 2010]
The Obama/Volcker plans to reform the banking industry have set back financial market optimism, although majority opinion still seems to lie in favour of a sustainable and solid recovery. Our own view remains that GDP growth in the West can only be very modest – what we have described as the long horizontal leg of the L-shaped recession. There are those whose views are even more pessimistic than ours, of which there is a fair representation in the line up at Davos. |
Thanks for your interest in Euromoney!
To unlock this article: