Risk and Diversification in a Global Economic Downturn
There have been concerns about a global slowdown since the end of 2018. The International Monetary Fund attributes the possible slowdown to factors including monetary policy normalization by major central banks,Britain's withdrawal from the European Union,the Sino-US trade dispute and the worldwide rise of protectionism. Economic performances have borne out most of these concerns. In the US,many economists see a downturn ahead,though by and large the prospect of a recession is remote. China has adjusted its plans for the economy and set an agenda of "six stabilities" to avoid disruptions in employment,finance,foreign trade,foreign capital,investment and market expectations. Other economies have signaled downside risks as well. Unexpectedly,the US dollar index has been rising since the beginning of 2019,despite signals of monetary easing from the US Federal Reserve. How should the combination of a US downturn and a stronger US dollar be perceived? What can we expect for the renminbi,as well as of other asset prices,in 2019?
Moderator: Zhong Wei,deputy editor-in-chief of China Forex
Panelists: Zhong Zhengsheng,chairman and chief economist of Monita Research,Caixin Insight
Deng Haiqing,chief economist of Wall Street News