14/09/18

SocGen: "Storm Clouds Are Gathering" As Next Recession Looms



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SocGen: "Storm Clouds Are Gathering" As Next Recession Looms
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Last week it was Morgan Stanley, today it is SocGen's turn. 

Societe Generale's latest Global Economic Outlook report titled "Storm Clouds Gathering" is gloomier than the last three editions. The French bank's posits that while global growth is stable right now, downside risks are becoming increasingly more pronounced. These risks are deeply rooted in cyclical and financial factors, but more importantly in policymaking, predicting that the next US recession looms in 2019/20. 

Four of the bank's most essential downside risks (Protectionism/ trade wars, Sharp market repricing, ...

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