'I think the overall environment is going to be very, very challenging to corporate sentiment,' says J.P. Morgan Asset Management's Tai Hui.
Expect global economic growth over the next 12-18 months to be "slow and somewhat uninspiring," according to J.P. Morgan Asset Management's Tai Hui.A general view shows residential and commercial buildings in the Kowloon district of Hong Kong.J.P. Morgan Asset Management is expecting global economic growth over the next 12-18 months to be "slow and somewhat uninspiring," according to Tai Hui, its chief Asia market strategist.
"I'd describe it as more like you know, coming to work on a Monday. You're not quite sick, but you know, you're not quite up to it. I think this is how the markets or investors gonna feel as they get into 2020," he said. "If you think about what traditionally cause a recession, whether it's a tightening of credit condition or a significant spike in yields, some of these conditions are not there yet," he said.Tai HuiTrade uncertainty and global political issues are two factors contributing to the bleak global economic outlook, he said.
To exacerbate matters, he added there are currently "a whole bunch of political issues around the world," ranging from protests in Hong Kong, uncertainty over Brexit as well as tensions in the Middle East.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
12 candidates qualify for 4th Democratic presidential debateWASHINGTON (AP) — A dozen candidates have qualified for the fourth Democratic presidential debate later this month. The debate will be held Oct. 15 at Otterbein University in Westerville,...
Weiterlesen »
12 reasons why your home might sell for less than you expectOpendoor, a real estate technology company, looked at the factors that most detracted from a home's value in 20 cities across the US.
Weiterlesen »
Democrats buckle in for 12-candidate, free-for-all debate
Weiterlesen »
12 Best Curling Irons for Perfect Waves, According to Hair StylistsSometimes curling irons can get sticky with residue from hairspray and heat protectants, but the Ion Titanium Platinum Pro stays smooth, says Thom. \u201cThis iron delivers great heat and shine, and the curls last,' she says. 'Also, it leaves neither residue from products, nor does its cord, incidentally, get tangled.'
Weiterlesen »
Women respond to Pac-12 assertion that new California law would hurt female athletesKendall Ellis enjoyed intense, yet fleeting, fame as an NCAA track champion. A new California law, formerly SB-206, would have also allowed her to cash in.
Weiterlesen »