Can central banks keep fending off a global downturn?

The world’s economies are at different stages in the business cycle.

The US is still in good shape, though with some causes for concern; the EU has taken two steps forward (Greece and the UK) and one step back (Germany); while China is sensitive to the expected long-term effects of the US trade war and political protests in Hong Kong.  The aggressive US stance on trade with China and the EU is having a global effect. The US and China have made little progress in their negotiations and the US imposed tariffs on EU goods in mid-October. T. Rowe Price: Do not underestimate central banks' power The fact that next year US President Trump will seek re-ele...