The OECD’s CLIs suggest that all the major economies are set to slow further. This includes China and India.
The WSJ covers it nicely; but to my mind does not adequately link the growth slowdown to the difficulty stabilising debt dynamics. If we have even a mild recession, there are going to be very few AAAs left – and fiscal policy is going to get painfully tight.
I expect further monetary easing from the ECB, BoE, BoJ, SNB, RBA and FOMC over the next year or so. Next up is probably the FOMC at their 13 Dec meeting.