Saxo Bank (Saxo Bank)
Markets  |  April 09, 2013 12:42:38

Saxo Bank's outlook for the second quarter: continued low growth puts an end to journey politicians moonlighting


It's the end of the third month of 2013 and in line with the expectations of Saxo Bank, an investment specialist in investment and online trading across a rich asset class is already starting to reduce global growth forecasts. Saxo Bank in its 2nd Quarterly Report Insights Report, which is available on the platform TradingFloor.com , writes that the world sees 2013 as well as 2011 and 2012, with the only difference that await Germany in September elections.

Low growth in Europe will lead to increasing social and political tensions. It is evident from the recent emergency events such bail-in and bail-out in CyprusDuring which sustained both savers and credibility Troika. For his married and hopes that the eurozone really has a plan to deal with the crisis conceptually. Due to the increasingly acute need to address the already unsustainably high but growing unemployment and low economic growth and the need to implement reforms that countries economy rozhýbají again, I do politicians can not afford to play for time.

The report also deals with the comparison of the major economies in the euro area, the UK and the U.S., where it was shown that most of the public budget in the last year slashed apart from Spain and Italy, the United States. Great Britain, France and Germany (in that order) was recorded on the contrary increase in public expenditure.

Despite the reduction in public finances Saxo Bank expects that in 2013 the U.S. economy will grow moderatelyAnd by about 2% (which is less than last year, when it was 2.1%). Furthermore, assume that in 2014 the growth rate of the economy even increased to 3%. The American economy may not be in the best shape, but at least he has some prospects for moderate growth. On the other side of the Atlantic is much more pessimistic outlook, the euro area must come to terms with the fact that the recession will continue.

Saxo Bank estimates that the economic activity of the EU in 2013 will fall by 0.3%, after last year's decline of 0.5%. Unemployment by contrast, will grow throughout the year, reaching an average of above 12%. As a result of the slowdown, inflation remains at low levels. Italian and Spanish economy is still weak, but most Saxo Bank strategists worried about developments in France, where the French government failed to implement reforms.

Saxo Bank Chief Economist Steen Jakobsen says:

Driving illegally in the economy indicates the behavior when a person has benefited from certain sources, goods, benefits or services without pay for such benefits. In the first quarter of this year, politicians globally shifted from driving illegally for undisguised arguments about how to play this game on. Capital markets are seen growth, but the factors that are important in the long term, ie unemployment and growth is not improving.

Does this mean that this uncontrolled politicians ride ends. He had to do it, what ever excel: to look truth in the eye and to propose real solutions. Given that such a step too have, hopefully, nepřipletou in the way of microeconomics that it will have to do for them.

Contact for media

Dmitrij Meiner
+420 775 893 071
dme@saxobank.com

Ivana Karhanová
+420 724 689 053
ivana@margetroid.cz

About Saxo Bank

Saxo Bank is a leading specialist in online trading and investment. It offers private investors and institutional clients a comprehensive package of tools for trading and investment strategies. As a regulated European bank with a full license allows clients to trade FX, CFDs , ETFs, Stocks, Futures, Options and other derivatives via three for all asset types specialized and fully integratedcom / demo-account? csref = b1746_Link_boilerplate_pressrelease "> trading platforms: SaxoWebTrader based on web browser, install SaxoTrader and trading platform for mobile devices SaxoMobileTrader. Platforms are available in more than 20 languages ??and can be used by more than 100 major financial institutions world through white-label solutions. Saxo Bank also offers professional portfolio and financial management as well as traditional banking services through Saxo Privatbank. Saxo Bank Group was founded in 1992 and is based in Hellerup in Denmark and operates 24 branches across Europe, Asia, the Middle East and Australia.

Post View Saxo Bank for the second quarter: continued low growth does away with driving illegally politicians come from Saxo Bank 24/7

 Globální online investiční banka

Saxo Bank je globální investiční banka specializující se na online obchodování a investice na mezinárodních finančních trzích. Saxo Bank umožňuje soukromým investorům a institucionálním klientům obchodovat s FX, CFD, cennými papíry, futures, opcemi a dalšími deriváty a poskytuje i profesionální správu portfolia a fondů díky svým online obchodním platformám oceněným řadou různých ocenění.

Více informací na: www.saxobank.cz

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