The US economy’s current good health is good news for President Donald Trump ahead of his bid for re-election later this year, but there is scope for market volatility – and even an economic deterioration – before November’s poll
We expect this outbreak to hurt China’s economy in the short term, but we are still positive about the country’s long-term prospects. Throughout Asia, supply-chain troubles will likely have a broadly negative effect. But we don’t expect the global economy to be hit as hard as China’s: central-bank policies, corporate earnings and stabilizing economic fundamentals still seem supportive of global risk assets.
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