汇丰银行-全球货币宽松不济_仍需财政刺激和区域贸易协定-2019.9-114页_1mb.pdf

Economics Global 用户上传 更多免费报告请查看研报客 Q4 2019 By: Janet Henry and James Pomeroy Global Economics Putting the air back in Central banks are trying to pump the air back into a slowing global economy… …but using monetary policy to offset damage from US-China trade tensions has its limits and poses risks… …so fiscal stimulus and new regional trade initiatives will need to lend a hand Play video with Janet Henry Disclosures Disclaimer: This report must be read with the disclosures and the analyst certifications in the Disclosure appendix, and with the Disclaimer, which forms part of it. Economics ● Global Q4 2019 用户上传 更多免费报告请查看研报客 Executive Summary Putting the air back in Global growth has now slowed to the slowest pace since the eurozone crisis and ongoing trade tensions and other geopolitical uncertainties leave it poised to slow further. With inflation also still too low, policymakers are trying to put the air back into the global economy. More central banks around the world,