Possible scenario
China Debt Managed
23% Chance
China remains the largest single source of concern because property weakness has strained local-government financing vehicles and land-sale revenues. The most likely path is additional central support that prevents a disorderly credit event without fully resolving the structural debt overhang.
Initial impacts
- Riskier companies' borrowing costs Up
- Market volatility Up
- Oil prices Up
- US dollar Up
- Copper Up
Portfolio impact
S&P 500-0.1%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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