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Low yield:
10-year government bond yield of US, UK, DE, JP
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10-year government bond yield of US, UK, DE, JP
Source: www.cnbc.com, as at 4 April 2019
IMF further revised down global growth in April 2019
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Source: CPB, OECD, HSBC as of Feb 2019
US “trade negotiation” with China and EU
Globally, reached 318% of global GDP in Q3 2018
Source: IIF, BIS,IMF Jan 2019
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Not a broad-based fiscal stimulus by governments but only a few niche sectors could enjoy the benefits