Market forecasts rely on an 'increasingly toxic cocktail' of promises, economist says

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Economic forecasts for 2020 rely on an 'increasingly toxic cocktail' of promises which could be derailed by supply chain disruption resulting from the coronavirus outbreak, according to Saxo Bank Chief Economist Steen Jakobsen.

Much of the consensus outlook has anticipated a slight pickup in economic growth, and markets worldwide have surged to record highs in recent weeks despite fears of a global economic fallout from the coronavirus outbreak.

A worker inspects an order at a JD.com delivery station in Yizhuang, Beijing, amid the coronavirus outbreak.Economic forecasts for 2020 rely on an "increasingly toxic cocktail" of promises which could be derailed by supply chain disruption resulting from the coronavirus outbreak, according to Saxo Bank Chief Economist Steen Jakobsen.

 

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