Markets are looking to the future. A rebound in equity valuations since early October means many investors are already pricing in next year’s growth. Yet this improving sentiment is premature: there is no truce in the trade war, China is slowing, a no deal Brexit is still a live risk, factories are stagnating and, outside the US, central banks have used up much of their ammunition. The problems facing the world economy are unchanged. They could get substantially worse.
市场正在展望未来。自10月初以来，股市估值出现反弹，这意味着许多投资者已将明年的增长反映在股价之中。然而，市场高兴得太早了：贸易战还没有休战，manbetx3.0 manbetx20客户端下载 正在放缓，英国无协议退欧仍是一个现实的风险，工厂增长停滞，并且在美国之外地区，各国央行已消耗了大量弹药。世界manbetx20客户端下载 面临的问题没有改变，且这些问题有大幅恶化的可能性。
您已阅读13%（629字），剩余87%（4149字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。