The world economy has clearly lost momentum with inflation slowing in emerging countries, while growth in Europe is likely to be zero next year and possibly the following year too, said Dexia Asset Management chief economist Anton Brender.
Dexia Asset Management, a specialist in financial analysis, fund management and institutional and private mandates, has opened its new office in Dubai in line with its regional expansion plans.
The new office established at the Dubai Inter
Equity markets still present attractive value going forward despite the first half of 2011 seeing revolts in Northern African countries, a devastating earthquake and tsunami in Japan and sovereign debt worries in peripheral Europe.
Although the global economic crisis has not impacted the GCC quite like elsewhere in the world, it has changed the way companies look for financing, according to Dexia Asset Management regional head Firas Mallah.
'We have noticed an in