Copenhagen, Denmark, to January 10, 2011 full financial Outlook 2011 report. In it he claims that the new year will be promising for recovery, although the global economy will still have problems to solve, especially those relating to the debt. The first half of this year will be more conducive for surprises on the upside in corporate yields. In the second half, such surprises will be less numerous and more spaced since companies will seek to maintain margins in an environment in which demand and revenue growth will remain unstable, while production costs have risen. In 2011, the ECB, the Federal Reserve, the Bank of Japan and the Bank of England will keep its easy money policies, while China and other emerging economies will fight vigorously to avoid bubbles in the credits and assets.
What we have to do now is to restore confidence in the financial system, implementing legislation more stringent in the future and making it clear that the banks too big to fall must cope alone in the future, said Christian Tegllund Blaabjerg, Chief of strategy of income Variable of Saxo Bank, on the occasion of the presentation of these perspectives. In comparison with other economies of the West, such as United Kingdom, the eurozone and Japan, like the US economy.UU. The Bank expects growth to accelerate in 2011 and finish the year with a rise of 2.7% of GDP. However, the weakness of the labor market, constant disinflation and the debt relief of households continue as threats to the sustainability of a recovery. For his part, the Chinese economy probably will slow down and will grow at an annual rate of 8%, which is placed below the 10% that point most of the forecasts. For the Euro zone, is expected to the German locomotive decrease their pace in 2011 against a weakening of domestic demand in the eurozone, whereas the majority of the members is implementing some kind of austerity measures as well as the lack of benefits of the common currency.