Timothy Fox - Head of Research & Chief Economist
Published Date: 24 May 2018
The synchronized global recovery is beginning to be challenged as fears of trade wars and geopolitical risks begin to show their impact. While the US economy remains firm, growth seems to be slowing in other parts of the developed world. Also higher rates, a dearer dollar and rising energy prices are becoming major headwinds for the EM economies.
Source: Bloomberg,Emirates NBD Research
Global markets under strain