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PSI Research's Sean McLeod Speaks On Current Affairs Documentary | |
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May 12, 2016 When speaking for a recent current affairs documentary, here's what Sean McLeod, Global Head of Trading at long established Singaporean company PSI Research had to say on the current European Economic outlook from an European Investors perspective. "Economic growth in Europe is expected to remain modest as key trading partners' performance has slowed and some of the so far supportive factors start to wane. As a result, GDP in the euro area is forecast to continue growing at modest rates over the 2015-2017 period," began Mr McLeod. "Economic growth is set to rise or remain broadly stable in most Member States over the forecast horizon. The economies of all Member States are expected to expand next year, but growth is still expected to remain uneven across the EU." "Euro area net exports will remain a drag on growth in 2016 before turning neutral in 2017. Therefore, growth will depend on domestic demand: investment is expected to pick up next year to 3.8% in both the euro area and the European Union and private consumption is expected to moderate as the expected rebound in inflation will reduce real income growth." Growth outside the EU last year likely fell to its slowest pace since 2009 (at 3.2% in 2015), triggered by the slowdown in emerging markets. The outlook for global GDP growth has weakened further as major advanced economies also slowed, and expectations of a modest pick-up are subject to a high degree of uncertainty. The world economy is expected to grow by 3.1% in 2016 and 3.4% in 2017. "In short, we are looking at definitive growth, at a slow but steady pace in European states and to increase again at a better rate in 2017." concluded Mr McLeod. PSI Research Group is an independent Singaporean equity research firm based at Marina Bay Financial Centre Tower 2, 10 Marina Boulevard, Singapore 018983. For more information please call +653 158 6249. Alternatively, contact info@psi-research.com or visit http://www.psi-research.com. Source: http://www.1888pressrelease.com/psi-research-s-sean-mcleod-speaks-on-current-affairs-documen-pr-589327.html |
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