Six themes will shape global credit in 2020
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An enduring US-China trade deal will remain elusive and trade disputes will weigh on credit conditions
Scaling up of digital technologies will accelerate the transformation of traditional businesses.
Domestic policy shifts and geopolitical uncertainty will threaten to undermine credit conditions in many regions.
Climate risks will constrain the availability of capital for the most-exposed sectors; demographic and social trends will create risks and opportunities.
An increasing share of assets globally will yield very low or negative interest rates.
LOWER-FOR-LONGER INTEREST RATES
Recession risks will rise amid a pronounced global economic slowdown.