risk premier

问题如下：

Morgan asks Chan to draft a response to a client email that questions what economic factors are driving P/E multiples lower in Indonesia. Chan’s response indicates that increasing volatility in Indonesia’s real GDP growth, a decline in inflation expectations, and rising return premiums are all likely contributors. Morgan reviews Chan’s response before forwarding it to the client.

Chan’s response regarding Indonesia is least likely accurate regarding:

选项：

A.

GDP growth.

B.

risk premium.

C.

inflation expectations.

解释：

C is correct. A lower P/E multiple could be the result of many factors, including decreasing earnings growth expectations, rising real interest rates, increasing volatility in real GDP growth, rising inflation expectations or uncertainty about future inflation, and an increasing equity risk premium. A decline in inflation expectations would result in higher, not lower, P/E multiples.

A is incorrect because increased volatility in GDP growth, all else held equal, would be supportive of declining P/E multiples.

B is incorrect because a rising risk premium is supportive of lower P/E multiples.