On the other hand, the China economy is not only slowing down but also experiencing structural changes and changes in consumer mindset. The full impact of which has also not been entirely appreciated, says the economist.
The current macroeconomic outlook is “a lot more uncertain” than what consensus suggests due to the extreme interest rate hike cycle, China’s economic slowdown and a shift in commodities, says Eric Robertsen, Standard Chartered's global head of research and chief strategist.
Robertsen was speaking at the bank's global research roundtable on Sept 18, in which he suggested that the US Federal Reserve’s (US Fed) rate hiking cycle was more aggressive than those seen in recent decades, and the full implications have yet to be fully realised.
