You are here

Synchronous global recovery masks deepening asset imbalance

China and other developing nations are accumulating wealth, but failing to create sophisticated local markets

Tokyo

THERE'S a dark cloud building behind the world's best period of synchronous growth among developed and emerging economies this decade - one that in time could rain down volatility in global markets.

The problem, identified by strategist and hedge fund manager Stephen Jen, is...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes