SINGAPORE (Oct 24): The risk of a global downturn is high, given the headwinds coming from slowing economic activity, the unresolved trade conflict between the US and China, and geopolitical tensions around the globe.
This weak sentiment was reflected among chief financial officers (CFOs) and group treasurers, who participated in a survey conducted at the 2019 JP Morgan Asia Pacific CFO and Treasurers Forum in Shanghai earlier this month.
According to the survey, the prospect of a global recession is flagged as the “top risk” for their business in the next six to 12 months.
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