Caja Madrid: The year 2010 will be more complicated than the banking crisis
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Caja Madrid: The year 2010 will be more complicated than the banking crisis

Date: October 20, 2009 Source: Economy @ 21
Category: Economy
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Caja Madrid said today that 2010 will be "more complicated year by far" since the beginning of the crisis, as it is to live the lowest point of the cycle with low interest rates and low activity, high unemployment rate and difficulties for companies.

The agency predicted a slight recovery in 2011, but stressed that 2010 will be "extremely complex", so that, in his opinion, "playing short-term is a mistake" and entities that do not do their homework may have difficulties.

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