Three scenarios for 2013

Russ Koesterich | BlackRock | January 2013

Economies and markets ended 2012 having narrowly sidestepped a number of potential stumbling blocks, including a European banking crisis, a Greek exit from the euro, a Chinese hard landing and an indecisive US election. While Europe spent much of the year teetering on the brink of another crisis, aggressive action by the European Central Bank (ECB) and some tentative progress toward a banking union obviated the worst-case scenarios. Economic growth remained weak, but the lack of a crisis cou...