Six themes will shape global credit in 2020
CLICK A CIRCLE FOR MORE ON EACH THEME.
An enduring US-China trade deal will remain elusive and trade disputes will weigh on credit conditions
TRADE TENSIONS
DISRUPTIVE TECHNOLOGIES
Scaling up of digital technologies will accelerate the transformation of traditional businesses.
POLITICAL RISKS
Domestic policy shifts and geopolitical uncertainty will threaten to undermine credit conditions in many regions.
ESG IMPACT
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
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RECESSION RISKS
Recession risks will rise amid a pronounced global economic slowdown.