Craig Botham explains why the economics team has downgraded the growth outlook across the BRIC economies this quarter, with weakness in 2020 driven by the trade war.
Economic and Strategy Viewpoint
In their latest forecast update, our economists downgrade their projections for global growth due to the recent escalation in the US-China trade war.
Second quarter GDP growth shows improved domestic demand but further easing measures from the central bank look likely.
A sluggish outlook and low inflation suggest the European Central Bank is inching towards further stimulus, which we don’t think will be enough.