Wall Street is warning of mounting recession risks that could arise from escalating trade tensions between the US and China. And these concerns mean the Fed and the ECB now look set to ease monetary policy further.
Parker Fitzgerald’s latest economic outlook, in collaboration with Rebecca Harding, former Chief Economist at the British Bankers’ Association and CEO of Coriolis, examines the near-term impact of ‘weaponised’ trade on financial markets and the City of London, and the long-term risks facing financial institutions as the global economy recalibrate how it operates.
Chief among the risks is the balkanisation of technology, digital infrastructure and global data flows, as the trade war and technology war become increasingly intertwined.
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