SC Jeil Bank Holds '2021 Global Research Briefing'

Jonghoon Park, Chief Economist at SC First Bank (left), and Eric Robertson, Global Head of Research at SC Group, are discussing this year's global economic outlook via video call at the '2021 Global Research Briefing' event held untact through YouTube on the 15th.

[Asia Economy Reporter Kim Hyo-jin] SC First Bank announced on the 18th that it held the ‘2021 Global Research Briefing’ event on the 14th and 15th in an untact format, forecasting and discussing this year’s global economic trends with global economic experts from its parent company, Standard Chartered (SC) Group, targeting domestic financial companies and general corporate clients.

The event was conducted via YouTube live streaming in accordance with social distancing guidelines due to the COVID-19 pandemic, with about 200 participants including fund and strategy managers from over 100 domestic financial companies and general corporations. Customers attending online listened to experts’ opinions on the rapidly changing global economic environment and outlook after the COVID-19 crisis, asked in-depth questions through real-time chat, and showed active interest in various transaction cases of customers worldwide who do business with the SC Group.

On the first day, the 14th, Jeff Kendrick, who is in charge of emerging markets FX (foreign exchange) research at SC Group, and on the second day, the 15th, Eric Robertson, the global head of research at SC Group, served as speakers. They gave lectures on the economic outlook and exchange rate forecasts by region worldwide after COVID-19, especially expectations for emerging markets and related key issues.

Eric Robertson stated, “This year, global economic recovery is expected to continue due to the recovery of international trade and optimism about vaccines,” adding, “In particular, since Asia is expected to lead the economic recovery, we view the economic outlook of many Asian countries positively.”

Jeff Kendrick emphasized, “This year, the US dollar is expected to weaken, and emerging markets and commodities are expected to be positive for investment,” highlighting that “the low growth rate and low inflation level of emerging Asian countries could actually act as favorable factors for emerging market assets.”

Park Jong-hoon, Senior Economist (Executive Director) at SC First Bank, said, “Volatility in expected inflation, interest rates, and exchange rates is likely to increase depending on the market’s interpretation of the Biden administration’s policies,” and added, “I hope this research seminar provided useful information to corporate clients trying to gauge global economic trends for the new year.”