Many are extremely anxious about conditions in the European Union ahead of the European Commission meeting set to start on May 3, 2016. Some are extremely optimistic that great news will be released during the meeting.
According to an article published via the New York Times, the euro advanced 0.6 percent in the first quarter of the year when compared against the fourth quarter of 2015. Analysts predict that the gross domestic product for the year will raise 2.2 percent for the first time since the banking crisis began in 2008. Yet, many say that it is to early to celebrate with unemployment rates remaining near 10 percent.
Some countries continue to fare better than others. In Germany, the export rate for February grew 4.1 percent compared to the same period in 2015. The Netherlands continue to see a gross domestic product rate nearly 4 percent higher than the rest of the European Union and unemployment rates there are the lowest in the union at just 3.3 percent. In Germany, take home pay has grown nearly 15 percent over the last decade.
Other countries in the European Union have not fared nearly as well. In Italy, take home pay has shrank 4 percent over the last decade but these residents are still doing better than in Greece where disposable income has shrank nearly 24 percent and in Cyrus where it has shrunk almost 22 percent.
The major concern across the 19 countries, however, remains the effect of the slowdown of the economy in China.
Ponte Vedra Beach, Florida, investment banker Martin Lustgarten knows that it is hard to stay abreast of all the changing market conditions. Yet, he says that global market conditions pay a huge role in investment decisions. Therefore, he suggests that you work closely with an experienced investment banker who has many years of experience.
Martin has extensive experience in Venezuela and Austria that may help investors make great decisions. He also has contacts around the globe that he can rely on when he does not know the answers himself. He believes that when investors have as much information as possible, then they can make wise decisions. He also has an impressive SoundCloud account you’ll want to check out.
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