Economic growth forecast to slow down to 6.3% in 2016, but no hard landing expected for the time being.
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Economic reforms are urgent, especially improving the governance in state-owned enterprises, as large contingent liabilities are of great concern.
Private sector debt developments in the US and China probably won’t trigger an economic crisis but could deepen a downturn, possibly triggered by the bilateral trade war.
Due to the more difficult market environment and decreasing sales, we have recently downgraded the sector performance outlook from “Excellent” to “Good”.
The French plastics packaging segment is negatively impacted by oil price volatility, increased environmental awareness and stricter regulations.
In the medium- to long-term low-cost competitors from Asia and the Middle East could seriously challenge Singapore's export-oriented chemicals industry.
The EU continues to buck the international protectionist trend, signing two historic trade agreements.
The economic impact of USMCA on Mexican-US trade is likely to be limited, as it is effectively a small modification of the pre-existing NAFTA agreement.
Trade policy uncertainty is one of the top risks to US businesses and consumers in 2019 that may bring the next downturn on more quickly than expected.
Despite a forecast growth slowdown in 2019 the economy should still experience positive momentum, with low unemployment and manageable inflation.
The USMCA has finally been signed on November 30, easing short-term uncertainty surrounding North American trade.