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Mondaq Business Briefing -Lines Overseas ManagementBermuda - LOM Weekly Perspectives - Financial Summary on North America, Europe and Asia-Pacific Regions.
(From Mondaq.com)
North America
Europe
Weak second-quarter growth in the Euro-zone is unlikely to be significantly reversed in the third quarter, which means that growth will continue to be below the trend rate. The OECD lead indicator is now pointing to a deceleration in activity. By and large, recent releases of economic statistics have disappointed analysts on the downside. Inflation has, in the past, been reluctant to move below the European Central Bank's 2.0% target rate because of a number of negative forces, including a weak currency, rising food prices and the introduction of the euro for common use earlier this year. Going forward, there are several positive factors that should put downward pressure on the inflation rate. Even if the ECB may be hesitant in cutting its target rates in the near term, there is still a ...
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