Jan 2012 - Global Economy snapshot

Created on Tuesday, 21 February 2012 22:48


  • The Investment industry news at the start of 2012 has been dominated by the ECB’s long-term refinancing operation and its success will clearly be an important driver of economic and market activity.
  • The impact of Trichet being replaced with Draghi appears to have had significant effects: a rate cut and a QE ‘type’ scheme, which has limited some of the short term issues of the stressed financial/economic institutions, although pressure to deleverage remains intense.

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