It is hard to imagine Canadian Finance Minister Jim Flaherty actually coming out and stating that he thinks
the risk of another global recession is growing daily.
However,
the risk of a global recession must always be considered, especially with rising concerns about China's slowing growth and inflating debt bubble.
Not exact matches
The
global economy is set for one
of its best years since the financial crisis, but
recession risks are increasing, said UBS Chairman Axel Weber.
Singapore downgraded its forecasts on economic growth and exports for 2016 after confirming a contraction in output in the third quarter, raising the
risk of a
recession amid fresh uncertainty around
global trade under U.S. President - elect Donald Trump.
The head
of the World Trade Organization warned
of a real
risk of triggering an escalation
of global trade barriers and a deep
recession, even as financial markets and many economists started to discount the
risk of a
global crisis.
At the same time, some two out
of three asset managers reckon a Chinese
recession is the number one «tail
risk» to
global markets.
«The prospect
of recession in Canada remains at bay for 2018, but Canadian investors should expect a bumpy ride and a fair bit
of uncertainty with the housing market, NAFTA trade discussions and the potential for over-tightening by the BoC representing key downside
risks,» Shailesh Kshatriya, a Toronto - based analyst at Russell, said in the firm's
global outlook Wednesday.
In the last few years we've had a housing bubble, a credit bubble, runaway government spending, soaring gas prices, a
global recession, high unemployment, the
risk of a U.S. debt default, a fiscal crisis in Europe, and the threat
of severe inflation.
The region, whose sluggishness has negatively affected the
global market, is at
risk of dipping into its third
recession since 2008.
Bill Gross, the manager
of the world's biggest bond fund, said the
global economy
risks lapsing into
recession with the pace
of growth falling below the «new normal» level the firm has predicted since 2009.
Actual results may differ materially from those expected because
of various known and unknown
risks and uncertainties, including, but not limited to, the continuing effects
of the U.S.
recession and
global credit environment, other changes in general economic and industry conditions, the award or loss
of significant client assignments, timing
of contracts, recruiting and new business solicitation efforts, currency fluctuations, and other factors affecting the financial health
of our clients.
While the threat
of a new
global recession may not be immediately imminent, Trump's overall economic stance doesn't provide much in the way
of benefit to anyone but the super-rich while adding to the
risk that bad actor financial agencies will again crash the markets at some near or long term future date.