Bloomberg New Economy: Forum Attendees See Good Weather in a ... - Bloomberg

Bloomberg New Economy: Forum Attendees See Good Weather in a Poor Climate - Bloomberg

Good Weather Doesn’t Mean the Economic Climate Isn’t Bad
Han Zheng, China’s vice president, speaks during the Bloomberg New Economy Forum in Singapore. Photographer: Lionel Ng/Bloomberg

The key takeaway from three days of discussions among top global economic, business and finance leaders at Bloomberg’s New Economy Forum this week is a sense of gloom. The world is hunkering down, hoping to weather a gathering storm while preparing for any shocks it may send their way.

There was of course relief that the US and China are talking again, and that Presidents Joe Biden and Xi Jinping are set to meet in person next week. It was also positive news to attendees that China has pumped fresh stimulus into its economy. And it helps that the Federal Reserve seems to be almost done with its inflation fight.

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Good Weather Doesn’t Mean the Economic Climate Isn’t Bad