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Economist: Economic Uncertainty Is Just a Blip

BELLEVUE, WA—At CREW Network's annual convention, economist Marci Rossell predicted that China's downturn, which she believes is actually much more severe than currently recognized, will have only a short-term effect on the US.

By Natalie Dolce | Updated on October 02, 2015

BELLEVUE, WA—Although the US economy has recently been thrown into greater uncertainty by China’s economic meltdown and the Fed’s decision to hold interest rates, economist Marci Rossell believes that, in the big picture, it’s just a blip on the country’s steady pattern of recovery and will sort itself out over the next several months. Rossell, former CNBC chief economist, provided a capital markets update to attendees at CREW Network‘s annual convention, currently under way in Bellevue, WA.

Rossell predicted that China’s downturn, which she believes is actually much more severe than currently recognized, will have only a short-term effect on the US, whereas its impact will be felt for much longer in other regions. Based on patterns in previous Asian crises, she expects there will be a second-round loss within the next six to nine months, though she can’t predict which country’s economy will feel the pain. And until that happens, the current high degree of risk aversion will continue to be in place.

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