The key question is,how quickly a Euro debt agreement will actually be implemented,said David Mann,Regional Head of Research Americas at Standard Chartered.It's a huge round of detail.As long as the European Financial Stability Fund can be levered up without downgrades or extra haircuts,only then can we feel more confident and that we've turned a major corner.
We won't see a pre-crisis level of employment till 2015.It's a more vulnerable economy.It's more likely you're going to see very weak growth.If you get a major shock,it will be closer to stall speed and negative growth.
We've already seen an incredible ability to cut costs,but we need to see the National Federation of Independent Business survey turn around before we can grow confidence and exceed expectations,in Mr.Mann's view.
Founded in 1853,Standard Chartered Bank's core geographies are in Asia,Africa and the Middle East.It has five locations in the U.S. offering wholesale and private banking to corporations,institutions and affluent individuals.
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