Anthony Dass (pic): Downside risk to growth comes from political issues that will influence global relations. The US-China trade war, which remains in the centre stage has raised fears of a currency war. It has also fuelled deglobalisation as countries and firms can no longer count on the long-term stability of integrated value chains.
WHILE expecting the global interest rates to drop further as we move into 2020, the risk for global economy to weaken steeper is more likely than expecting a synchronised recovery.
Downside risk to growth comes from political issues that will influence global relations. The US-China trade war, which remains in the centre stage has raised fears of a currency war. It has also fuelled deglobalisation as countries and firms can no longer count on the long-term stability of integrated value chains.
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