EZ policy developments remain in spotlight with growth expected to slow - BBH

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FXstreet.com (Córdoba) - The Global Currency Strategy Team at Brown Brothers Harriman point out that markets appear to be broadening the scope of their concerns about the Eurozone, as pressures build on Spanish, Belgian and French bond markets. "The focus on the growth outlook over the medium term is building. For EZ policies to be deemed credible, they will need to balance austerity and growth."

According to BBH, the number or European growth for the 3Q was decent, in line with market consensus. "There is no expenditure breakdown with the preliminary numbers, but indications from Germany and France suggest that domestic demand supported Q3 growth." Going forward they see that expectations point for a sharp slowdown in the 4Q in German GDP.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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