Growth of the seven biggest economies in the world is set to weaken further, the OECD signalled on Friday, pointing also to a mixed outlook for big emerging economies.
The warning fits the picture of sharp slowdown in many advanced countries which has emerged so far this year as the repercussions of the credit crisis, and high oil prices.
A similar signal for the euro zone from European Central Bank on Thursday, when the bank held its key rate steady, pushed down the euro against the dollar, a movement which continued on Friday.
The weaker global economy, declining commodities, and a strong dollar are all trends suggesting the investment strategy so successful in the past few years needs to be changed into one reflecting the emerging economic times.
More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
No comments:
Post a Comment