Investors dodge the ‘Grexit’ issue again
Investors dodge the ‘Grexit’ issue again Investors breathed a sigh of relief on Friday as European Finance Ministers granted Greece a four month extension to its aid package subject to submitting a list of agreed economic and other reforms by later today (Monday). Additionally the deal must be ratified by a number of national parliaments around the Euro zone.
Private Banking Global ‘Wrap Up’ – Q4 2014
The global economy continued to experience a mixed performance towards the end of 2014. On one hand, momentum in the US improved with the economy posted its best quarterly performance since 2003 with growth of 5%. However this was countered by sluggish conditions in the Euro zone (annualised growth of 0.8%) and another recession in Japan as the economy contracted again, this time mainly as a result of lower inventory investment in contrast to the collapse in consumer spending in the second quarter.
The Investor – January 2015
The renowned US investor Rob Arnott once said that “In investing, what is profitable is rarely comfortable”. This neatly sums up 2014, a year where investment markets moved higher but never seemed quite able to shake off periodic concerns particularly around geopolitics and the durability of the global economic recovery.
Q3 2014 Irish National Accounts - Headline growth rates slow but strong medium term outlook for Ireland remains unchanged
Q3 2014 Irish National Accounts - Headline growth rates slow but strong medium term outlook for Ireland remains unchanged Last week's Irish National Accounts for Q3 2014 showed that economic growth inched ahead in the quarter with real GDP and GNP growing by 0.1% and 0.5% in the period (see table 1 below). Compared to Q3 2013, Irish GDP and GNP grew by 3.6% and 2.5% respectively, a superb performance in a Euro zone context (see chart below for a comparison of annual growth rates in the Euro zone in Q3 2014).
Retirement Planning Update – December 2014
After a series of negative Budgets, one could be forgiven for dreading the annual Budget speech. From a Pensions & Retirement Planning point of view however, Minister Noonan’s speech on 14th October contained no nasty surprises and in a nutshell, the only reference to Pensions was a welcome one in that the Pension Levy, introduced in 2011, will be 0.15% for 2015 and will cease at the end of that year. The Finance Bill published on 23rd October continued the general mood of positivity and contained a few additional pleasant surprises which have been widely welcomed by the Pensions Industry. While we await the Bill to be passed into law (in January), you can read about some of the good news stories from a retirement planning perspective here.