The UK FTSE 100 was down by 5.6 percent in the past year. France and Germany experienced a decline in stocks by 18 percent and 15 percent respectively. Countries in the eurozone have increasing fears in the coming year due to the economic slowdown in the past year. The euro was almost near to its 15 month low compared to the dollar as 2011 ended and markets are preparing to usher in 2012.
The eurozone economic crisis affected not only the major countries within the region but also the rest of the world. The United Kingdom government has accepted the fact that it may take a while before the whole region will be able to regain its former economic vigor and be as dynamic as before, including its own economy.
The UK FTSE 100 index may be lower this year as it declined from 5,899.94 to 5,572.28. This is a big contrast to the previous years wherein there was a 9 percent increase in the economy back in 2010 and an increase in the value of stocks by 22 percent in 2009. Economists and analysts of the UK economy have increasing concerns on the current economic situation of the European region that has been greatly putting a lot of pressure in the UK government.
Jonathan SUdaria from the Capital Spreads noted that “As traders say goodbye and probably good riddance to 2011, a year that saw most of the European and Asian indices recording double-digit losses, traders may not be so welcoming to 2012 either.”
Keep Up-To-Date
