In order to bring you the best possible user experience, this site uses Javascript. If you are seeing this message, it is likely that the Javascript option in your browser is disabled. For optimal viewing of this site, please ensure that Javascript is enabled for your browser.
Home Contact us Site map Important information Privacy policy Security policy
Funds centre Resources News & events Special features

Quarterly economic outlook for Q3, 2010

Quarterly economic outlook for Q3, 2010 from John Greenwood, Chief Economist, Invesco Ltd.

Published: 13/07/2010

Introduction

In the financial markets the second quarter of 2010 was dominated by the sovereign debt crisis affecting the "Club Med" economies of the southern eurozone. The crisis started in December with investors selling down Greek government bonds in view of the huge size of Greece's budget deficit and its national debt, but soon spilled over to the bond markets of Portugal and Spain. From there the contagion spread, causing the euro to weaken from December onwards, and equity markets to fall from their late-April highs so that by early June all the gains of 2010 were erased.

PDF document opens in new window Download Quarterly Economic Outlook - Third Quarter 2010 (pdf).

Visit Adobe.com
external link opens in new window Access Adobe online conversion tools

Get Adobe Reader
external link opens in new windowInstall the latest Adobe Reader here

When using an external link - External link opens in new window - you will be leaving our website. Any views and opinions expressed subsequently are not ours.

Issued by Invesco Fund Managers Limited and Invesco Asset Management Limited.
Authorised and regulated by the Financial Services Authority.
For details of issuing companies and site privacy terms see Important information and Privacy policy.