Stimulus measures by the US government will be turning point for the global economy?
We have a number of elements suggesting that were approaching the moment where were having a pickup, Trichet said today at a press conference in Basel, Switzerland, where he chaired the Global Economy Meeting at the Bank for International Settlements. But were still at a level where the positives are not fully priced in.
Central banks have aggressively lowered interest rates and governments have injected billions into their economies to stem the worlds worst recession since World War II. The International Monetary Fund said on March 3 that it sees a serious risk of a global economic contraction this year.
In these times, its important to highlight that theres light at the end of the tunnel, said Martin van Vliet, an economist at ING ...more