Agrees with IMF assessment
Yesterday the IMF lowered global growth and believes with the assessment saying:
- global economy is facing a slow down
- Economic slowdown currently seen in China and Europe. Cites Brexit and trade uncertainties
- However, he sees China recovery in 2H of 2019 given the recent stimulating policy steps.
- Believes economic explansion will continue
- Will continue to watch the Brexit situation closely
- Baseline scenario is for global economy to recover in H2 2019. Sees sufficiently high growth in 2020
- Protectionist moves are not a plus for either side
