Global growth has been at the centre of investor worries, but in some geographies, this is currently more a function of anticipation than hard data. Looking into the fourth quarter of 2019, we would break the world into two groups. Europe and some major emerging markets are seeing weak growth that feels like recession, while the U.S. and other major countries are more at risk of confidence shocks that could overwhelm reasonably strong fundamentals. With our continued overall expectation of a global soft landing, we provide details on our investment views below.
We see potential for a global soft landing that supports a range of risky assets, but the picture is mixed: Although slow-but-positive growth should prevail in the U.S., other regions and countries face more risk. In such an environment, we see a number of key themes.
Read the complete whitepaper through the ‘Related Files’ link
