Via Reuters
Latest from Fitch ratings
- Global growth outlook cut on US China trade war
- World growth is now less synchronised and less balanced
- US tariffs of $200bln of imports from China will have material impact on Global Growth
- Protectionist US trade policies has now reached tipping point where it will affect what remains a strong global growth outlook
- Trade war is now a reality (It was a battle earlier, wish they could keep running with the same term)
- Near term global growth prospects remain strong, but demand strongest in the US
- Fitch have now included 25% tariff shock in it's Geo baseline. Downside risks have increased
- QE assets of FED, ECB, BOJ and BOE set to decline in 2019
- Rising cost of funding in US dollar is likely to continue to create pressure for borrowers in Global Credit Markets
- Fed gaining confidence to increase rates and reduce balance sheet. See's 3 further rate hikes in 2019
more to come