A credit market crash, flattening Treasury yields and unemployment at a 50-year low are among the shocks that economists predict could rock global markets in 2018. The U.S. economy is expected to grow by just over 2 percent this year, down from last year’s 3 percent, according to forecasts released on Wednesday by Moody’s Investors Service. Events very likely to have an effect on markets include rising inflation, US political unrest and a reversal of Brexit or dissatisfaction over the process leading to Opposition leader Jeremy Corbyn being elected UK prime minister.
A credit market crash, flattening Treasury yields and unemployment at a 50-year low are among the shocks that economists predict could rock global markets in 2018. They also suggest the Federal Reserve losing its independence, a Wall Street plunge of 25%, bitcoin crashing to $1,000 and Tencent overtaking Apple in value as possible black swans. Events very likely to have an effect on markets include rising inflation, US political unrest and a reversal of Brexit or dissatisfaction over the process leading to Opposition leader Jeremy Corbyn being elected UK prime minister.