Strategists at Societe Generale have issued a new report detailing their forecasts for the global economy and their list of so-called "black swan" events. A "black swan" event is a metaphor used by the investment community to describe an event that comes as a surprise, such as the crash of the U.

In the French bank's latest global economic outlook , SocGen said that various issues constituted downside risks to the global growth outlook, including the "drag from U. First, there is the slow moving drag that comes from the uncertainty itself holding back notably investment and hiring decisions and structural reform efforts. Second, there is the risk of an adverse outcome triggering financial instability.

In the case of Brexit, the former remains significant while the latter proved short-lived on the back of an aggressive response from the BOE Bank of England. Summarizing its global economic outlook, SocGen predicted that the U.

It believed that by end , the Federal Reserve would have hiked the key interest rate to 1. However, SocGen believed that the U.

Moreover, we look for a significant pick-up in residential investment with the revival of the euro area consumer," SocGen noted. It added that it did not think the European Central Bank would meet its price stability target, despite its efforts to boost inflation: For China, it predicted 6 percent growth in , compared to a consensus of 6. It also remained below consensus for the other BRIC economies Brazil, Russia and India.

The authors added that in comparing its views to the market consensus, "we believe that we are more concerned by downside risks. Asia Europe Stocks Commodities Currencies Bonds Funds ETFs Investing Trading Nation Trader Talk Financial Advisors Personal Finance Etf Street Portfolio Watchlist Stock Screener Fund Screener Tech Mobile Social Media Enterprise Gaming Cybersecurity Tech Guide Make It Entrepreneurs Leadership Careers Money Specials Shows Video Top Video Latest Video U.

Video Asia Video Europe Video CEO Interviews Analyst Interviews Full Episodes Shows Watch Live CNBC U.

Black swan theory - Wikipedia

Business Day CNBC U. Primetime CNBC Asia-Pacific CNBC Europe CNBC World Full Episodes. Log In Register Log Out News Economy Finance Health Care Real Estate Wealth Autos Consumer Earnings Energy Life Media Politics Retail Commentary Special Reports Asia Europe CFO Council.

Black Swan

Asia Europe Stocks Commodities Currencies Bonds Funds ETFs. Make It Entrepreneurs Leadership Careers Money Specials Shows Investing Trading Nation Trader Talk Financial Advisors Personal Finance Etf Street Portfolio Watchlist Stock Screener Fund Screener.

Tech Mobile Social Media Enterprise Gaming Cybersecurity Tech Guide Video Top Video Latest Video U. Video Asia Video Europe Video CEO Interviews Analyst Interviews Full Episodes. Primetime CNBC Asia-Pacific CNBC Europe CNBC World Special Reports Top States Paris Airshow Trailblazers Trading the World CNBC Disruptor 50 Lasting Legacy Modern Medicine College Game Plan Investing in: Israel Tech Drivers The Brave Ones Trading Nation Shaping the future Future Opportunities.

Register Log In Profile Email Preferences PRO Sign Out.

Economy World Economy US Economy The Fed Central Banks Jobs GDP outlook. These are the 'black swans' SocGen thinks you should worry about Holly Ellyatt HollyEllyatt. Milton Wordley Getty Images. Holly Ellyatt Correspondent, CNBC.