Society Generale has released its latest "black swans" risks that could rock global financial markets. The report by the French bank Societe Generale, which is based in Paris, said it was "likely" a major shock to world markets would occur within two years and warned of an economic slow@@ With its numerous upcoming elections, SocGen sees Europe as the region to watch in terms of political risk, and bond yields are highlighted as the "Achilles' heel of global markets". However, the group sees potential upside from significant fiscal accommodations and fast track reform in the US and more capital expenditure.
Society Generale has released its latest "black swans" risks that could rock global financial markets. China's economy is cited as having the "most significant risks with pockets of significant excess in housing, high debt levels and a burgeoning NPL problem", with 20% risk of a hard landing and 40% probability of "a lost decade". With its numerous upcoming elections, SocGen sees Europe as the region to watch in terms of political risk, and bond yields are highlighted as the "Achilles' heel of global markets". However, the group sees potential upside from significant fiscal accommodations and fast track reform in the US and more capital expenditure.