HSBC Global: Economy enters the flattery stage of the recovery

HSBC Global: Economy enters the flattery stage of the recovery

Italian-market

According to HSBC Global Asset Management, in the fourth quarter, a great rebalancing of investor portfolios for the market is coming. HSBC by the quarterly report characterizes the global economy entering the second flatter phase of a two-stage. According to the mobility data, in the third quarter, the speed of recovery slowed down and the strength of consumer to spend is getting slow. This data was highlighted in the report that was published on Friday. Chief Strategist Joseph Little, said that the deadly virus is still with us, the unemployment rates are high, this can even lead to the prolonged face of low output. For the next 12 months, the economy will be operating at 90-95%.

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