Search

2020-21: defending growth at all costs. Economic, Capital Markets and Industry Research

<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
  <record>
    <leader>00000cam a22000004b 4500</leader>
    <controlfield tag="001">MAP20200003786</controlfield>
    <controlfield tag="003">MAP</controlfield>
    <controlfield tag="005">20200211113206.0</controlfield>
    <controlfield tag="008">200210s2020    fra||||       ||| ||eng d</controlfield>
    <datafield tag="040" ind1=" " ind2=" ">
      <subfield code="a">MAP</subfield>
      <subfield code="b">eng</subfield>
      <subfield code="d">MAP</subfield>
    </datafield>
    <datafield tag="084" ind1=" " ind2=" ">
      <subfield code="a">921</subfield>
    </datafield>
    <datafield tag="245" ind1="1" ind2="0">
      <subfield code="a">2020-21: defending growth at all costs.</subfield>
      <subfield code="b">Economic, Capital Markets and Industry Research</subfield>
    </datafield>
    <datafield tag="260" ind1=" " ind2=" ">
      <subfield code="a">Paris</subfield>
      <subfield code="b">Euler Hermes</subfield>
      <subfield code="c">2020</subfield>
    </datafield>
    <datafield tag="490" ind1="0" ind2=" ">
      <subfield code="a">Global Economic Outlook</subfield>
    </datafield>
    <datafield tag="520" ind1=" " ind2=" ">
      <subfield code="a">1. Global economic growth to remain muted in 2021-21 after bottoming out at the turn of 2019 -- 2. US-China trade tensions should not escalate, nor de-escalate much further in 2020 -- 3. The US to further explore higher public and corporate debt when face with electoral uncertainty -- 4. The global economy cannot rely on a new Chinese bazooka stimulus -- 5. Eurozone growth below potential at +1.0% and +1.3% in 2020-21 respectively -- 6. Monetary policy is the safety net for growth and markets. Mind negative spillovers -- 7. Persistently high social discontent will call for fiscal policies to become more redistributive -- 8. Domestic sectors will continue to outperform -- 9. (Unusually) low volatility and correlation between asset classes for longer -- 10. A -4% depreciation of the Dollar depreciation is expected to support Emerging Markets assets </subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080611897</subfield>
      <subfield code="a">Perspectivas económicas</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080600648</subfield>
      <subfield code="a">Crecimiento económico</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080594602</subfield>
      <subfield code="a">Análisis de mercados</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080566043</subfield>
      <subfield code="a">Investigación</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080586850</subfield>
      <subfield code="a">Política económica</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080591922</subfield>
      <subfield code="a">Mercados emergentes</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080623920</subfield>
      <subfield code="a">Análisis económico-financiero</subfield>
    </datafield>
    <datafield tag="651" ind1=" " ind2="1">
      <subfield code="0">MAPA20080644178</subfield>
      <subfield code="a">China</subfield>
    </datafield>
    <datafield tag="651" ind1=" " ind2="1">
      <subfield code="0">MAPA20080638337</subfield>
      <subfield code="a">Estados Unidos</subfield>
    </datafield>
    <datafield tag="651" ind1=" " ind2="1">
      <subfield code="0">MAPA20080638306</subfield>
      <subfield code="a">Gran Bretaña</subfield>
    </datafield>
    <datafield tag="651" ind1=" " ind2="1">
      <subfield code="0">MAPA20080640255</subfield>
      <subfield code="a">Unión Europea</subfield>
    </datafield>
    <datafield tag="710" ind1="2" ind2=" ">
      <subfield code="0">MAPA20140005529</subfield>
      <subfield code="a">Euler Hermes</subfield>
    </datafield>
  </record>
</collection>