Insight

Looking forward to 2010, Dexia Asset Management’s official statement is, “Although banks’ balance sheets may not yet be fully cleaned, tensions on the money and credit markets have eased further. Stock markets have bounced back from their depressed levels of the beginning of the year. Regarding the real economy, we are witnessing signs of recovery: for the first time since the beginning of the crisis, the IMF has revised its growth forecasts upwards! The consequences of the crisis will however be felt for quite some time.”(1)