Read the Monthly Comment for December 2014

29.12.2014
In his final monthly report for 2014, David Bakkegaard Karsbøl sees the potential for European economic growth to improve fairly rapidly from its current low point, with signs of improved competitiveness for European companies. Political events in Russia and Greece, however, give cause for concern. The US business cycle is reaching maturity with improvements in the housing market likely to fuel further consumption growth giving spill-over benefits for Europe.

High Yield has been impacted by the slump in commodity prices, but initiatives to boost bank lending to businesses over next 3 months should underpin the corporate debt market. The report ends with a review of the major macroeconomic events of 2014.

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