Global: Growth is slowing, not collapsing – Standard Chartered
|David Mann, global chief economist at Standard Chartered, expects the global economy to slow further, but not to fall into recession.
Key Quotes
“We see a protracted slowdown, driven largely by structural factors including slowing workforce growth in economies such as China and the US. Whether the global economy falls into recession will depend on fundamentals, policy and confidence.”
“Fundamentals are softening; there are pockets of excessive leverage, including in China. Policy is now aimed at countering the slowdown, in line with our dovish wave theme since earlier this year, but confidence is being damaged nevertheless.”
“Markets seem to expect little (or no) progress on US-China trade negotiations in the coming months; this leaves room for a positive surprise. But even if the two sides settle their economic dispute relatively soon, the long-term damage to investor sentiment is already done. Any deal that might be reached is unlikely to be the end of the story.”
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.