Societe Generale is out with its latest quarterly chart of “swan” risks. “Black swans” characterize unforeseen and unlikely events that have the potential to rock the economy and financial markets. While the sharp slowdown in Europe has dominated the economic headlines lately, SocGen believes that we should be most worried about China. “The most significant downside risks to the global economy in this short-term setting aside geopolitical risks remains a hard landing of the Chinese economy,” the analysts’ said. “As highlighted on a previous occasion, the fact that China is now the world’s second largest economy means that a scenario …read more
Source: Business Insider
