Confidence indicators show signs that an upswing is under way in the second half-year. Bjørn Schwarz first and foremost stresses the optimism among the business leaders in the service sector and the manufacturing industry. Moreover, beginning optimism will often be self-fuelling via increasing willingness to invest and work.
In Euroland a mix of fiscal relaxation, structural initiatives and increased optimism have increased the chance of an upswing and of 2 per cent growth in 2004 compared with ½ per cent in 2003.
According to Bjørn Schwarz there are signs of good interim accounts for the 3 rd quarter and growth in the coming quarters in the USA. However, there is still a risk that the growth optimism may ebb away and that we will see an adjustment of the share prices later on.
Read the article " The adjustment never happened, since the summer showed elevating signs of brighter growth prospects" in Focus no. 61 at the Copenhagen Stock Exchange's website www.cse.dk .
