Summary Macro Outlook Global growth continues to face headwinds from a downturn in the industrial cycle and uncertainty related to trade tensions. Nevertheless, the trend in the global Nowcast remains broadly stable at around 2% US growth remains robust but is likely to moderate. A marked fall in some business surveys of late has […]
宏觀展望 工業週期向下，加上貿易緊張局勢不明朗，持續為環球經濟增長帶來挑戰。然而，環球Nowcast仍企穩於約2% 美國經濟增長仍高於趨勢水平，但已變得更依賴於強健的消費開支。因此，有需要密切注視部分勞動市場數據的近期回軟情況 其他地區的增長普遍低於趨勢水平。歐洲仍是主要的表現欠佳地區，中國則已呈現進一步的回穩跡象，信貸動態有所改善，工業／貿易指標均趨向穩定 增長的不均衡性質令環球經濟容易受到負面衝擊。然而，政策當局正在同心協力地遏止進一步急劇放緩的風險 繼續閱讀
Signs that global growth was improving a few months ago have proved short-lived. Our global Nowcast is stuck at a level below our sense of trend growth. Read Full Report Here (English) Read Full Report Here (Chinese) This report was presented to you by HSBC. This document has been issued by HSBC Bank (Taiwan) […]
The global Nowcast remains below our sense of trend growth, although there has been a modest pick up since the low point in February. Growth remains above trend in the US, but below trend elsewhere Read Full Report Here (English) Read Full Report Here (Chinese) This report was presented to you by HSBC. This […]
Investor focus will now likely shift to the new government’s steps to help the economy emerge from its recent soft patch. This has come amid tighter financing conditions, weaker government investment spending and tepid income growth. Exports have also softened, but have held up better than in other major Asian economies. Download Full Report Here […]
US growth remains above trend and the labour market is tight. Elsewhere growth is, on average, below trend. There are signs of a recovery in the Chinese manufacturing sector. If sustained, this implies some potential upside to the global manufacturing cycle. Download Full Report Here (English) Download Full Report Here (Chinese) This report was […]
US and European equities gained amid upbeat data and as the UK Parliament voted to rule out the prospect of a no-deal Brexit. Download Full Report Here This report was presented to you by HSBC. This document has been issued by HSBC Bank (Taiwan) Limited (“the Bank”) in the conduct of its regulated business […]