The latest IMF Fiscal Monitor, published last month, comes about as close to declaring Spain insolvent as you are ever likely to see in official analysis of this sort
Many on fixed term mortgage arrangements will have already suffered when trying to remortgage - especially if they have little equity in their house and then find, when they do get a facility, that rates have already risen.
With the survey highlighting escalating costs and a lack of engagement from employees, HR professionals find themselves under increasing pressure to make significant changes to their benefits package.
“Real assets, such as equities and property, could fare reasonably well during the next phase of the economic and market cycle”
Global economic growth is likely to remain weak. But loose monetary policies, including low interest rates and quantitative easing, should continue to support risk asset prices throughout the rest of the year.