It is difficult to form a clear judgment at the moment about the state of economic performance and its impact on the financial services industry. Every month, statistics are scanned for signs of consistent trends; but the picture remains confused. Recovery in one place is offset by further gloom elsewhere – and is itself reversed a month later. Perhaps the ‘new normal’ which everyone is seeking to define will simply be characterized by continuing uncertainty and unpredictability.
This issue of frontiers in finance reflect a number of aspects of this search for growth in difficult times.