Grey Swans 2020

MARKET VIEWS

Six ‘Grey Swan’ Events Could Hit The Global Economy And Markets In 2020

By Alessandro Magnoli Bocchi, Fawaz Sulaiman Al Mughrabi and Farah Aladsani

28 November 2019

In this paper we discuss:

• Recent macroeconomic, policy and market developments at global level;
• How we expect the global economy to evolve in 2020-2021;
• What we expect global central banks to do over the same time horizon;
• The six “grey swans” that might affect the global economy next year, with scenario analyses;
• The policy and market implications of all the above.

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