Economic Report: Third Quarter 2012October 22, 2012 Posted by: Ninh Chung
SVB Asset Management is pleased to announce the release of the Q3 2012 Economic Booklet as a research piece summarizing the macro-economic and sector trends in the global market. The Economic Booklet is our reference tool for clients. Displaying graph and chart views of the global economy, this piece guides clients through factors that impact their business.Some highlights from the Economic Report include:
•The Federal Reserve is in full accommodative mode by announcing an open-ended commitment to purchasing $40B per month of mortgage backed securities.
•Consumer spending picked up in the third quarter; however, business investments did not keep pace.
•Housing was a major drag in the economy during the Great Recession but recent strong sales and home prices suggest this market may have bottomed.
•The pending Fiscal Cliff could cause U.S. real GDP to contract by 0.5% in fiscal 2013.
•Public debt as percentage of GDP of European nations is a growing concern, in addition the inter-connectedness of the region is the global natural of European banks.
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