UBS: 2020 global growth to be weak again

Via UBS:

We expect a recovery in 2020 but a much weaker one than consensus

Things will get worse before they get better. Assuming any Phase One US-China deal is limited (no tariff roll-back), the existing tariffs should continue to work their way into the data and create an air-pocket in US growth in H1-20` (we are 60bp below consensus on the US, 20bp on China and 30bp on global GDP growth).

There are 1534 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.