Global slowdown & risk of recession increasing, although not foreseeable for 2020
Key takeaways:
- US hit by the fade out of the fiscal stimulus sugar high & trade war impacting overall economy;
- US evolving to potential (1,8% growth rate)
- Fed should cut at least 1 more interest rate (probability of BS expansion to resume) - this supported by overall economy (see presentation on US monetary policy)
- Europe sluggish growth 1% as global trade is stalling specially impacting Germany and Italy based on internal unbalances;
- Brexit impact already kicking-in with negative consequences (Hard Brexit would make the picture even worse)
- Potential growth for Europe 1.5% (above forecasts)
- China 6% growth new normal
- Japan better than previously expected 0,8%
- Brazil speeding up, but still very contained growth
the 3 presentations bring more color and the conference more insights!
Very good video thanks for sharing with us such a nice information
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