Standard Chartered Feels 'A Sluggishness' in Global Economy: CEO

The video discusses the impact of US-China trade tensions on business, noting that while the tensions have not significantly affected the business yet, they are causing a reconfiguration of supply chains. The economic impact is real, with signs of sluggishness in the global economy. The bank is focusing on long-term strategies, betting on the opening up of China and its economic influence on Asia, the Middle East, and Africa. Despite concerns about a potential economic downturn, the bank remains confident in its growth prospects.

How have US-China trade tensions affected the company's business so far?

• The trade has significantly reduced.

• The company has increased its trade with the US.

• The trade has not reduced significantly.

• The company has stopped trading with China.

What is one reason for the reconfiguration of supply chains mentioned in the video?

• To reduce costs.

• To focus on domestic markets.

• To avoid the impact of sanctions.

• To increase trade with Europe.

What is the company's outlook on achieving income growth despite trade tensions?

• They plan to halt growth efforts.

• They are not confident.

• They are confident in achieving 5 to 7% growth.

• They expect a decline in income.

What is a concern mentioned about the global economy?

• No impact from trade tensions.

• Rapid growth in all regions.

• Heaviness and sluggishness in the economy.

• Complete stability in economic conditions.

What is the company's strategic focus in response to the economic outlook?

• Long-term growth and investment in core markets.

• Focusing solely on the European market.

• Short-term gains in the US market.

• Reducing operations in Asia.