They said it – views from 2010 about 2011 revisited
As the end of 2011 draws near, predictions for 2012 are coming thick and fast. Yet, who can claim to have clairvoyant abilities and who is just hoping last year’s analysis will be buried with their financial losses? InvestmentEurope brings you a series of brief outlooks for 2011 as they were.
Pioneer Investments 2011 Outlook:
“Global growth has been slowing, the likelihood of a double-dip recession scenario is a possibility, although a less likely outcome. Economic policies will be the key factor to determine the direction of financial markets in 2011. Policies in the developed world will continue to be broadly reflationary. Emerging economies are poised to continue their phase of economic expansion, with some inflationary pressures in a number of countries, like China. Equity allocations should reflect their higher potential over Fixed Income in 2011. US & European equities are attractive due to increasing valuations and strong corporate profits. In Europe, some peripheral bond markets (Italy and Spain) offer value in relative terms versus core markets. Currency markets offer opportunities through bouts of volatility, while Asian currencies should appreciate versus most developed markets’ currencies. “