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.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP: Small bounce higher in near term? – Commerzbank FX Street 4 years 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… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
