Wednesday 21 February 2018
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10 days ago

Economist says Market turbulence ‘overdone’

The US-epicentered global financial market turbulence that sent shockwaves to local and regional markets in the last few days is overdone as the underlying economic outlook for the world remains fairly robust, a top economist from HSBC said. Hong Kong-based Frederic Neumann, managing director and cohead of Asian economic research at HSBC, said in a press chat on Friday that the world was still in the midst of a synchronized global recovery, with Europe, the United States and China showing strong number

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