Ironically, financial market turbulence has hit just as the world economy’s chances of rebalancing successfully had increased. We published our year ahead piece in early December with the title “Don’t panic!”, but investors returned to work after the holidays worried about China’s slowdown, collapsing oil prices, global debt unwinding and the dearth of policy options left open to leading central banks. Widespread anxiety pulled the rug from under asset prices.
As is our tradition, we asked our clients in mid- January for their top questions for 2016.
What is the likelihood of a global recession in 2016? How much economic damage will turmoil in China and tumbling oil do to the developed world? CIick below to find out our top questions and answers for 2016.