“Risky” assets have made a bright start to 2012. Investors have welcomed a recent improvement in the US economic data, signs of greater fiscal coordination in the euro-zone as well as more support from the ECB. Confidence has also grown that China can avoid a hard landing. But our central scenario envisages a break-up of EMU this year initially involving Greece’s departure, an outcome that we think will pour cold water on investors’ optimism.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services