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Focus

Healthcare Sector: Review of 2017 & Outlook for 2018

The stars were perfectly aligned for the financial markets in 2017. Strong and synchronous growth around the globe, no signs of inflation, still accommodative monetary policies, few geopolitical events impacting the economy, and strong corporate earnings all made for a solid year.

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Which path for Italy? Portugal rather than Greece

In any European country whose public finances are fragile, a government elected on the promise of fiscal easing has every chance of finding its path blocked by the censors of Brussels and Berlin. This leaves two possibilities.

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Back to fundamentals

The protectionist issue has not gone away and will probably be with us for some time, but the time has come for talks between the US, China and the European Union, as well as with Mexico and Canada over NAFTA.

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Greece, a long and very expensive adjustment

This simple graph from the Wall Street Journal is just a measure of the constraints that have been imposed to Greece since the beginning of their adjustment. The US depression is just small potatoes compared to Greece.

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