The Economy In 2020: Insights From The Forbes Asia Panel Of Economic Commentators

The Economy In 2020: Insights From The Forbes Asia Panel Of Economic Commentators

Against the backdrop, five members of the Forbes Asia Panel Of Economic Commentators shared their insights on a wide range of issues.. Overall, the tone of our Panel Members is one of cautious optimism.. 2020 is likely to produce more of the same in terms of GDP growth in the developed world with, if anything, some upside to demand when converted to U.S. dollars.. Perhaps concerns over the trade war had something to do with it, but it is equally the case that the Chinese economy is slowing naturally.. Nominal growth of 9% in China would add almost $1.2 trillion to global growth in one year assuming a stable yuan/U.S. dollar exchange rate.. The U.S. and China have reached a trade deal that is meant to de-escalate the trade war.. There is no easy solution to the deep schism separating the respective American and Chinese positions in the trade war.. The trade imbalance between the U.S. and China will persist, and will continue to fuel the rivalry between the two countries for the foreseeable future.. In the scenario, global supply chains will be disrupted, and global companies will find themselves between a rock and a hard place; being forced to