Risk and Diversification in a Global Economic Downturn

来源: CHINA FOREX 2019 Issue 1
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 cen

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 banksBritain's withdrawal from the European Unionthe Sino-US trade dispute and the worldwide rise of protectionism. Economic performances have borne out most of these concerns. In the USmany economists see a downturn aheadthough 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 employmentfinanceforeign tradeforeign capitalinvestment and market expectations. Other economies have signaled downside risks as well. Unexpectedlythe US dollar index has been rising since the beginning of 2019despite 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 renminbias well as of other asset pricesin 2019?

Moderator: Zhong Weideputy editor-in-chief of China Forex

Panelists: Zhong Zhengshengchairman and chief economist of Monita ResearchCaixin Insight

Deng Haiqingchief economist of Wall Street News

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