Financial institutions in the future - global financial recovery

Overview

Welcome to the fifth in our series of surveys tracking market sentiment in relation to the global financial crisis. Welcome too, to our colleagues from Norton Rose Australia and their clients and friends who have contributed to the survey for the first time, having joined the Group on 1 January 2010.

The “big question” that we face at this time is whether, with the dawning of the new decade, we can now put the global financial crisis behind us? The mood of respondents in our fifth survey is noticeably more upbeat by comparison to previous surveys and the sense of optimism that pervades the survey suggests that many believe we have indeed reached a turning point in the crisis. This is tempered with an appreciation that the aftermath of the crisis is continuing to be felt across the globe and that the possibility of a double dip recession remains. Overall though, the focus as we enter 2010 is firmly on the recovery, even if in some regions, the consensus is that it will be a long and difficult journey.

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