EU REHN: European economic imbalances resolving

Market news

7 November 2012

EU REHN: European economic imbalances resolving

- See growth downturn lasting until year end

- Europe exports to benefit from stronger global growth

- Underlying domestic price pressures subdued

- Greece recovery seen in 2014

- See Portugal recession ending mid-2013

- Fiscal consolidation, reforms essential

- Need to boost public, private investment

- Lower pace of consolidation in Italy a 'concern'

- We focus on structural deficits not headline numbers

Before the bell: S&P futures -0.89%, Nasdaq futures -0.99%

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