'I think the overall environment is going to be very, very challenging to corporate sentiment,' says J.P. Morgan Asset Management's Tai Hui.
Expect global economic growth over the next 12-18 months to be "slow and somewhat uninspiring," according to J.P. Morgan Asset Management's Tai Hui.A general view shows residential and commercial buildings in the Kowloon district of Hong Kong.J.P. Morgan Asset Management is expecting global economic growth over the next 12-18 months to be "slow and somewhat uninspiring," according to Tai Hui, its chief Asia market strategist.
"I'd describe it as more like you know, coming to work on a Monday. You're not quite sick, but you know, you're not quite up to it. I think this is how the markets or investors gonna feel as they get into 2020," he said. "If you think about what traditionally cause a recession, whether it's a tightening of credit condition or a significant spike in yields, some of these conditions are not there yet," he said.Tai HuiTrade uncertainty and global political issues are two factors contributing to the bleak global economic outlook, he said.
To exacerbate matters, he added there are currently "a whole bunch of political issues around the world," ranging from protests in Hong Kong, uncertainty over Brexit as well as tensions in the Middle East.
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