Global Head of Research
In China, the slowdown in industrial activity, which began several years ago, has accelerated during the first half of the year. At the same time, we noticed, for the first time since 2008, a contraction in global trade in the first half of the year. The combined effects of these two developments added to fears about a shock to the global economy. So, what conclusions should we draw from this?
Head of Macroeconomic Research
The situation has changed a lot since late 2015 and early 2016, when the first contraction in global trade volumes since the Great Recession raised many fears about the economic health of the emerging countries and, by extension, the outlook for the recoveries in the developed countries as well.
CFA, Strategy and Economic Research at Amundi