Forex | Forex | ECB: Bumpy road ahead (04/09/2009 13:38:54)

ECB: Bumpy road ahead

Rebound. Business sentiment around the globe has continued to improve strongly recently, in some cases at a pace comparable to the slump that followed on the heels of the Lehman collapse. The assessment of demand in industry is now clearly expansionary again in most important economies. The new order component of the Manufacturing ISM in the US even jumped to its highest level since the end of 2004! ECB. As a result, the ECB also had to revise up its growth forecasts. It assumes the recession


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