«In an outlook note for 2009 Credit Suisse said that next year would be the weakest for GDP growth across the G7 since the end of the Second World War. It added that global growth would not return to trend until 2011 because a number of problems had yet to be addressed.
House prices outside Germany and the US were still overvalued. The US had not completed the massive task of de-leveraging. Credit Suisse thinks this will take three more years. The bank added that European monetary and fiscal policy makers were still behind the curve.
Finally it said that an additonal factor was that "bank lending conditions are extraordinarily tight and we doubt they will ease until another US$200bn to US$600bn of capital has been raised".
That aside, Credit Suisse said the stock markets "have not been so oversold, apart from 1933." Investors were extremely risk averse but directors were buying stocks in their own companies at record levels».
Fonte: Thomson Merger News, 9 Dezembro 2008.
Visto da Paisagem, o Governo e o nosso sistema financeiro vão encontrar dificuldades em sustentar o défice externo aos níveis actuais. Algo terá de ser feito para diminuir a nossa monstruosa dívida externa.
