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"Enterprises adopted a wait-and-see approach to weather heightened uncertainty, dampening the expansion in business activities," Liu said, citing that small businesses scaled down activities the most as they are more flexible in decision-making and more vulnerable to negative shocks.

"Economists often emphasize the positive effects of lower oil prices for the consumer via higher real income, which are real," Goldman Sachs said. "But in some economies — most importantly in the US — they are largely or entirely offset by the negative effects on the oil-producing sector and the associated hit to oil-exposed credit and equity names."

"Due to the changes in world economy, new growth centers have appeared, while the European Union finds itself imprisoned in a slow-growth trap where western countries will probably grow under 2 percent," Varga explained.

"Economic activity in China remains resilient, with GDP growing by 6.9 percent in 2017 and 6.8 percent year on year in the first quarter of 2018. Consumption continues to drive growth. Growth is projected to moderate to 6.5 percent in 2018 and 6.3 percent in 2019-20," according to the World Bank's new China Economic Update released Thursday.

"Even with ongoing economic uncertainty, both domestic and foreign investors are still highly confident about the Beijing market – and with more tradable assets becoming available, we believe that now is the time to get into the market," said Michael Wang, Head of Capital Markets for North China at JLL in Beijing.