The world is in an awkward place. High debt levels, little inflation, slowing economic growth, not to mention restive politics — it is a poor combination. While markets ended the first quarter in a better place than the end of 2018, primarily due to policies in China and the US, the next few months will be frustrating.
當今世界正處于不利的境地。債務水平高企、通脹微乎其微、經濟增長放緩，更別提躁動的政治了，這些因素疊加在一起很糟糕。盡管在第一季度末市場的狀況好于2018年底——主要是因為中國和美國的政策——但未來幾個月將令人沮喪。
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