HSBC: These Are the Economies That Could Run Into Trouble
Malaysia, Indonesia, Sweden, Norway, and ... New Zealand?
New Zealand dairy cows (sort of) responsible for emergent economic risk.
Photographer: Brendon O'Hagan/BloombergThis article is for subscribers only.
"Forecasters spend much of their time finessing central projections. But sometimes by focusing on the most likely outlook for growth we lose track of vulnerabilities that are accumulating," HSBC Economist James Pomeroy writes in the latest edition of the bank's "Macro Health Check." And while global markets may have stabilized since the volatile days of summer, there seems to be no shortage of potential vulnerabilities worth keeping an eye on.
Here are the major trends Pomeroy is watching: