Global recession no longer anticipated: HSBC
Bank's senior economists suggest Trump is pleased with tariff deals, and there'll be more rate cuts as countries navigate inflation and tariffs.
WATCH: HSBC chief economist Paul Bloxham and global chief economist Janet Henry speaks with senior journalist Jonathan Mitchell.
The globe should avoid a widespread recession as central banks look to manage tariff uncertainty and cut interest rates again.
HSBC global chief economist Janet Henry told NBR a recession was not baked into forecasts. “The fact is, the US only accounts for about 13% of global imports. For other
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