Gold Magazine January - February 2014, Issue 34 | Page 21

DEMETRIS TAXITARIS

ACA, Managing Director, Symmetria F.S. Ltd

2014

Leading economic indicators clearly
point towards an improvement in global
growth for 2014, albeit at a modest pace.
A risk to our scenario for higher growth is
disinflation or deflation stemming from
the ‘jobless recovery’ we expect, although
we think the probability for the latter is
not high. We still prefer equities against
bonds since we do not think the latter
sufficiently compensate for the risk undertaken, while the former seem to maintain support by strong b