While this is the case, stock markets frequently seem to overreact to such risks, and whether this leads to deterioration in economic activity warrants careful monitoring.
Given the risks to economic activity going forward, there certainly are a number of issues to consider, such as the conduct of economic policy in the United States, trade friction between the United States and China, the United Kingdom's exit from the European Union (EU), developments in the European economy, and the slowdown of the Chinese economy.