‘Lack of quantitative easing delayed Irish recovery’

The absence of quantitative easing has delayed the recovery in Ireland and other eurozone periphery countries, according to Guy Monson, managing partner at the London-based asset management firm, Sarasin & Partners.

The US economy is now on a path to accelerated growth with most indicators, including new house sales at multi-year highs. Moreover, US GDP is now 6% higher than it was at pre-crisis levels.

The UK has just seen “an astonishing set of upgrades, mostly over the second quarter, with one of the largest turnarounds in sentiment ever seen.” However, UK GDP is still 3% below pre-crisis levels.