Analysts at Natixis, conclude that there is an “excessive pessimism” regarding the global growth outlook for 2019.
Key Quotes:
“Various forecasters have revised steeply downwards their forecasts for global growth in 2019, probably due to the severe deterioration in the global economic cycle at the end of 2018.”
“The absence of an asset price bubble which means there is no risk of a crisis triggered by the bursting of such bubbles”.
“The fact that the supposed trade war has not resulted in a marked slowdown in global trade in volume terms.”
“We believe that compared with these pessimistic forecasts, global growth will surprise on the upside because of: Expansionary fiscal and monetary policies; the absence of risk of a financial crisis; ongoing satisfactory growth in global trade.”
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