Global Economic Outlook: Mild Recession or Weak Recovery
As the new year approaches there are many concerns about the prospects for the global economy after a difficult year. There has been no obvious bright spot in the global economic performance. Instead,there have been several lingering questions about what lies ahead. Among them,is a global recession around the corner? How will negative interest rates affect the monetary policies of major central banks? How will Brexit and the Sino-US trade war play out? Will the major world economies reach a basic consensus to maintain broad stability and gradual improvement in global governance when globalization is being seriously challenged? And will these already complex issues become even harder to deal with in the coming year?
At a roundtable discussion organized by China Forex,Lin Caiyi,chief economist of HuaAn Funds,and Zhong Zhengsheng,chairman and chief economist of CEBM,Caixin Insight,shared their opinions on the prospects for the global economy. The conversation,which follows in edited form,was moderated by Zhong Wei,China Forex deputy editor.