Rome
16 January 2019
A new winter for the global economy? Geopolitical and financial risks
The US economy continues to show signs of very strong and wide-based growth, although a few indicators suggest possible problems going forward. A relatively optimistic view points to the fact that there are no significant financial imbalances – especially since companies are doing well. Historically, unless the real estate sector is directly involved in a crisis of confidence, even significant equity market corrections do not cause recessions. The housing market has indeed slowed, but only to the degree that this was expected, and current prices appear to be sustainable.