Lower-Growth World May Prevent a Return to Normal, KPMG's Hunter Says

The video discusses the economic outlook for 2020, focusing on the potential for a recession based on Federal Reserve policies and global economic conditions. It highlights the impact of US monetary policy on global markets, particularly emerging economies, and examines the role of liquidity in maintaining economic stability. The discussion also addresses the challenges of operating in a low-growth world with declining working-age populations and low productivity, questioning whether the current economic conditions represent a new normal.

What implications does a lower potential GDP have for the economy?

Discuss the concept of the 'new normal' in relation to central bank policies.