【Bloomberg】Why World’s Most Enduring Growth Story Is Starting to Wobble
【Bloomberg】Why World’s Most Enduring Growth Story Is Starting to Wobble
2019.06.02
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Investors are giving up on the developed world's most enduring economic growth story.
Australia hasn’t recorded two straight quarters of economic contraction since the first half of 1991, meaning it’s just a month away from overtaking the Dutch record and posting 28 years of continuous expansion.
With home prices sinking, households swimming in record debt and the escalating U.S.-China trade war eroding confidence, bond and foreign exchange traders are betting that streak is now in jeopardy.
