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Europe: Just when you thought it was safe...
The Eurozone crisis; just as you thought it might be safe to get back into the water, it comes back to bite you! The euro area is officially in its longest ever recession, unemployment levels are at record highs and the IMF has slashed its growth forecast for the region. But for how long is this sustainable? According to Saxo Capital Markets Chairman, Nick Beecroft, two years. Longer term however, it’s a different story.
But as Saxo Bank's Head of Macro, Mads Koefoed, argues, there are reasons to be optimistic when it comes to growth, at least for now.
So with all this in mind, are politicians likely to take action to help boost things? Will they make changes to interest rates or monetary policies? Not really, says Michael Jarman, chief market strategist at H20 Markets, and here he explains why.
01:38 minutes
Tags: Lea Jakobiak, eu, euro, euro area, eurozone, eurozone crisis, growth, growth forecast, h20 markets, imf, interest rate, interest rates, macro, macro economics, mads koefoed, michael jarman, monetary policy, nick beecroft, politicians, politics, rates, recession, saxo bank, saxo capital markets, tradingfloor.com, unemployment