The 'NICE' (non-inflationary, continuous expansion) global economy has been replaced by a 'VILE' period (volatile inflation and lower earnings), according to HSBC Private Bank.
Fredrik Nerbrand, head of global strategy at the bank, asserted that the so-called 'Goldilocks' scenario - an era of 'not too hot' and 'not too cold' growth with well-behaved inflation - has come to an...
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