Macroeconomics

No matter what the real situation is, the financial markets are considering that the global crisis is easing and the risk for the economy is starting to decline. General economic indicators from Europe and the United States have been showing better than expected data and the start of 2012 is substantially better than it was in the last quarter of 2011. In particular the US economy is sending small signs of improvement with a reasonable labour market and rising consumer confidence.

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