By Hemant Baijal, Head of Multi-Sector Portfolio Management, Global Debt Senior Portfolio Manager; Meral Karasulu, PhD, Director of Fixed Income Research, Global Debt Team
The weakness in manufacturing and trade made the global economy lose momentum, but the Global Debt Team still expects the prospects of a global recession to be low.
The third quarter continued to see weaker global growth, led primarily by the rest of the world as the US surprised to the upside after what had been much-lowered expectations. As anticipated, global growth slowed, and policymakers responded by moving towards