Allianz CIOs: Our forecasts for global markets in 2012

ECONOMICS

Allianz CIOs give their views on risks and opportunities for Europe, Asia and global emerging markets in 2012.

Neil Dwane, CIO Europe at RCM, on the austerity, recession and opportunities facing Europe in 2012: • ECB is at the heart of "market" solutions to the EU crisis but stands resolute against printing debts away • Despite the ongoing crisis, there are many growing and profitable opportunities for European corporates especially in Emerging Markets "As 2011 comes to a close, Europe confronts the prospect of policies which will enforce austerity, in the doctrine of German stability and prudence which has already seen Greece, Ireland, Portugal and latterly Italy and Spain enter recession....