Danske Bank analysts expect the global economy to continue to weaken in coming months but see a stabilisation and a modest rebound on the back of monetary and fiscal stimulus after that. Key quotes “Our new base case of no solution to the trade war between China and the US ahead of the 2020 US presidential election has led us to downgrade our growth trajectory for both advanced and emerging markets.” “The risk of a more pronounced downturn has increased (we assume 30% probability of a recession in the next two years). However, in our view, there is also possible upside from a sudden breakthrough in US-China trade negotiations, more aggressive central bank easing and still strong consumer confidence.” 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 EOS Technical Analysis: EOS/USD is heading for some serious technical levels FX Street 4 years Danske Bank analysts expect the global economy to continue to weaken in coming months but see a stabilisation and a modest rebound on the back of monetary and fiscal stimulus after that. Key quotes "Our new base case of no solution to the trade war between China and the US ahead of the 2020 US presidential election has led us to downgrade our growth trajectory for both advanced and emerging markets." "The risk of a more pronounced downturn has increased (we assume 30% probability of a recession in the next two years). However, in our view, there is also… 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.
