In a closed door session recently, Dr Theirry Apoteker of TAC Economics gave a less than positive outlook on the global economy.
The many factors affecting modest growth is the impending Fed rate hikes as well as the investor uncertainties brought about by Brexit.
While Dr Apoteker did not foresee recession in the US, growth will be hampered by the impending fed rate hikes as well as the looming US presidential elections.
Across in Europe, the recovery of the Eurozone and UK is largely affected by Brexit, which is likely to cast its shadow for the next couple of years.
Across the globe in Asia, Malaysia, Vietnam, China and Korea are expected to be high risk investments due to various economic and financial movements.
Collectively, Dr Apoteker summarised a modest improvement through 2016 and 2017 but warned: “Global systemic risks remain and need to be properly assessed.”
There is a global financial overhang and the likelihood of extreme volatility due to various global political and geopolitical issues in US, Europe, the Gulf and South China Sea.
Investors are advised to take precautions to safeguard their assets.