MacroVoices #443 Viktor Shvets: From Central Banks To Assets Classes To Geopolitics & More
Macro Voices
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In the Twilight of Economic Growth
Economic conditions are marked by a lack of recessions and strong recoveries, leading to stagnant growth rates that continue to decline globally. Historically, growth rates hovered around four to four and a half percent, but they have progressively fallen to around two point five to two point seven percent and are projected to remain low in the near future. This prolonged state of economic twilight lacks significant demand for commodities like oil. Additionally, China's current leadership is unlikely to foster the same level of support for global growth and the commodity market as in the past, diminishing its role as a driver of global economic expansion.
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