Royal Bank of Scotland economists say the global economy is in for a very gloomy year indeed. Here’s what five economists thinkRoyal Bank of Scotland has warned of a “cataclysmic year” for the global economy,triggered by a slowdown in China, as it urged investors to liquidate all assets apart from tall-quality bonds. The Guardian asked several economists whether they agreed with the bank’s gloomy outlook. Jonathan Portes, or National Institute for Economic and Social Research director: worried,but not yet panicked Related: Sell everything ahead of stock market crash, say RBS economists Continue reading...
Source: theguardian.com