Faisal islam the latest geopolitical tensions and how it could drive up prices for all, especially poor countries. Weve got ourforecast down from 1. 7 in april, down to 0. 8 . We have already said risks were the downside when we made this forecast was down by almost one percentage point. There are number of factors, the continuing crisis in the world that we see and now of course we have the crisis in The Middle East. We have the slowdown in growth in china, we also have high Interest Rates that have continued. We see weak demand across the board in most sectors and most geographies. Thats why we cut the forecast. How much of this is actual policy . Were hearing from the west this idea of nearshoring, or income of Rebuilding Supply Chain away from east asia. How much of this is here to stay and how much of a problem is that . We saw there is more to it ongoing now within politically similar blocks number between locks that are dissimilar. That is some indication. We look at certain sec
Geopolitical tensions and how it could drive up prices for all, especially poorer countries. Weve cut our forecast down from 1. 7 in april, cut it down to 0. 8 . We have already said risks were the downside when we made this earlierforecast, so down by almost one percentage point. There are number of factors, the continuing crisis in the world that we see and now of course we have the crisis in The Middle East. We have the slowdown in growth in china, we also have high Interest Rates that have continued. We see weak demand across the board in most sectors and most geographies. Thats why we cut the forecast. How much of this is actual policy . Were hearing from the west this idea of nearshoring, friendshoring, Rebuilding Supply Chains away from east asia. How much of this is here to stay and how much of a problem is that . We saw there is more trade ongoing now within politically similar blocks number than between blocks that are dissimilar. That is some indication. We look at certain s
The Swiss bank will instead rely on existing joint ventures to expand in China s mutual fund industry following the acquisition of Credit Suisse last year, the people said, requesting not to be identified because the matter is private.
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