What Now? A survey of the global economy in the second half of 2016
|Webinar by Joseph Trevisani.
Brexit is a fact, but nothing else is. How, when, what and by whom the British exit from the European Union will be negotiated is still to be decided. The U.S. economy seems to have rebounded from two quarters of dismal growth and falling job creation. Yet there is nothing in sight beyond more of the same-- mediocre growth, flat productivity and stagnant wages. China has resumed devaluing the yuan, 10 percent since last August and the currency is headed to 6.83 against the dollar, where it was fixed for two years during and after the financial crisis. In Japan, the first arrow of Abenomics, yen devaluation has failed, and the second and third arrows, fiscal stimulus and economic reform are moribund.
All this is despite eight years of vast and continuing monetary stimulus from the world's central banks, $10 trillion of negative yielding sovereign debt and the lowest interest rates in history.
Wherever the world economy goes from here it is bound to chancy, interesting and without precedent.
Join us for a survey of the global economy in the second half of 2016.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.