Chief investment director for non-traditional strategies of the investment company Pacific Investment Management, Mark Zinder, warned investors about the onset of increased volatility amid tightening of monetary policy in the world's largest economies, Bloomberg reported. He believes that the probability of a recession in the world economy in the next 5 years is about 70%. During the event in Sydney, Zidner said: “If you work with global investments and global portfolios of assets, you should consider the probability of a recession in the next 3-5 years.” He noted: “Previously, quantitative easing supported all classes of assets. At the same time, the current period of the reduction of incentives was unprecedented in history.”
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
The second quarter had seen South Korea slipping into recession. This came to be the country’s sharpest economic downturn in more than two decades as the novel coronavirus crisis weighed on exports and social distancing measures halted ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...