Are We Heading towards a Synchronised Global Slowdown?
The global economy is heading towards a downturn. However, is the world prepared to deal with the consequences? Whether it is a slowdown or recession, it remains to be seen as to what the future would hold for the banking systems of Eurozone and China, and the global stocks in general. When the International Monetary Fund (IMF) issued its World Economic Outlook Update in January 2018, the future looked bright. Indeed, even the title of the update was very optimistic: Brighter Prospects, Optimistic Markets, Challenges Ahead. And under the cheer-leadership of the IMF, an overwhelming consensus was formed.