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UBS: World economy ‘one step away from global recession'

davfordavfor
edited June 2019 in Off-Topic
My armchair assessment has not been this dour, but then I don't spend all day analyzing the data.....
The world economy is on the leading edge of a recession, UBS said on Monday, which could prompt all major central banks to ease monetary policy in response.
“U.S. tariff escalation is NOT our base case,” the bank said. “But if escalation is not averted in the next week or so ... we anticipate making major changes to our forecasts.

It added: “We estimate global growth would be 75 [basis points] lower over the subsequent six quarters and that the contours would resemble a mild ‘global recession’” that would rival Europe’s debt crisis and the oil collapse of the mid-1980s, according to UBS analysts.
https://finance.yahoo.com/news/ubs-were-one-step-away-from-global-recession-all-major-banks-at-risk-to-ease-182748762.html

Comments

  • CrashCrash
    Hmmm... Who's to say, anymore? Market action and interest rates are utterly divorced from fundamentals.
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