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Is RBS right to forecast doom and gloom for the global economy?

Discussion in 'Market News' started by Lily, Jan 12, 2016.

  1. Lily

    Lily Forum Member

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    Royal Bank of Scotland economists say the global economy is in for a very gloomy year indeed. Here’s what four economists think

    Royal Bank of Scotland has warned of a “cataclysmic year” for the global economy, triggered by a slowdown in China, as it urged investors to liquidate all assets apart from high-quality bonds. The Guardian asked several economists whether they agreed with the bank’s gloomy outlook.

    Jonathan Portes, National Institute for Economic and Social Research director:

    Related: Sell everything ahead of stock market crash, say RBS economists

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