[Economy] Rumors of a recession are greatly exaggerated, say JP Morgan and HSBC economists2019-07-03 21:49:19Hit:199
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- Linkhttps://www.cnbc.com/2019/07/03/rumors-of-a-recession-are-greatly-exaggerated-say-jp-morgan-and-hsbc-economists.html
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Written on 2019-07-03
Summary:
- HSBC Asset Management Global Chief Strategist Joe Little suggested in a recent half-year investment outlook note that worries of a recession or bear market are “excessive,” and retained a “pro-risk allocation.”
- The Trump administration’s willingness to use trade barriers as geopolitical weapons remains a key risk to the global economy. However, J.P. Morgan head of economic research Bruce Kasman suggested that the business sector’s response, rather than the direct impact of tariffs, which poses the greatest threat to global growth.
Summary:
- HSBC Asset Management Global Chief Strategist Joe Little suggested in a recent half-year investment outlook note that worries of a recession or bear market are “excessive,” and retained a “pro-risk allocation.”
- The Trump administration’s willingness to use trade barriers as geopolitical weapons remains a key risk to the global economy. However, J.P. Morgan head of economic research Bruce Kasman suggested that the business sector’s response, rather than the direct impact of tariffs, which poses the greatest threat to global growth.