There may be ominous signs of a recession — such as an inverted yield curve and worrying economic data coming out of Europe, but Standard Chartered CEO Bill Winters says it doesn't look like a downturn is on the horizon.
There may be ominous signs of a recession — such as a yield curve that has inverted, and worrying economic data coming out of Europe — but Standard Chartered CEO Bill Winters says it doesn't look like a downturn is on the horizon.
"Part of it is we are in the cycle — we've probably gone through the deleveraging period in China ... in some of the rest of emerging Asia. Not completely, but there's the sense that we're coming back up," he continued, referring to China's efforts to reduce debt levels. Meanwhile, developments last week kept markets on edge. One of the most reliable recession indicators in the market — the yield curve — inverted on Friday. It occurs when long-term debts have a lower yield as compared with short-term debt.
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