Marc-Antoine COLLARD, Chief Economist, Head of Economic Research, Asset Management, Europe
Confronted with significant political risks and growing trade tensions, central banks have decided to (re)introduce monetary easing measures, which has reassured equity investors. However, several indicators point to doubts about the effectiveness of the expected monetary easing as central banks are pushing harder on a string. In fact, the downward revisions to global growth continue, now including the US even though some market participants had predicted a decoupling from the global business cycle. Read more...
