The Global Macro Outlook:The long grinding cycle
类型：宏观经济 机构：麦格理证券股份有限公司 研究员：麦格理证券研究所 日期：2016-04-22
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Our long grinding cycle view has been refreshed and reiterated: two newheadwinds for EM economies, a drawn-out but manageable restructuring ofChinese corporate debt, and a slow and cautious Fed tightening cycle into early2019. The three reports are here:
8 April 2016 Macq-ro insights: What’s next for EM economies?
8 April 2016 China macro: Debt/equity swaps, lessons from the past
6 April 2016 FOMC
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