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Quarterly Newsletter - Autumn 2015


When the World Bank an international financial institution whose official goal is the reduction of poverty, mainly through the provision of capital to developing countries met in January and warned of an impending slowdown in global growth, it listed four headwinds that would contribute to a slowdown.  The problems they identified were weakening global trade, market volatility induced by interest rate rises (!), deflationary pressures in Japan and the Eurozone and the impact of the falling oil price on producer nations.

At Lacomp we were then also concerned about geopolitical developments in the Ukraine (and Korea, and the Middle East generally) and the impact of an economic slowdown in China.

Furthermore, we could also have added a dose of political uncertainty in the form of ...

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