Canadian Interest Rate Forecast July 5, 2012
VANCOUVER, BC, Jul 5, 2012/ Troy Media/ – European politicians and policymakers managed to avoid a looming crisis and crafted an agreement to deal with the most pressing issues of a bailout of Spain’s banks. A banking union is closer to realization as a result, while achieving a fiscal union will need more summit meetings, more compromises, and more time.
Meanwhile, Europe’s economic recession worsens which the growth pact formulated at the summit will not stem. The global economy’s slowdown will continue in the near term but lift later in 2012 and in 2013 with additional policy stimulus from the emerging economies, a steadily improving U.S. economy, and less market uncertainty.
The low interest rate environment extends well into 2013 before central bankers begin to the long road to rate normalization.
Full Story Here.
