Amundi Asset Management

2018 Top 400 ranking: 9

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Asset Class Return Forecasts: Q3 2018

The current global expansion is set to run until 2020, with above potential growth in most countries in 2018 and 2019. However, the global GDP growth has started to decelerate and we expect it to slow further in 2020. 

At this stage, the main driving force behind the expansion is domestic demand. Global trade, which lost momentum in H1 with uncertainty about tariffs, is not expected to drive growth in 2019. However, with the output gap progressively closing, global inflation is expected to continue picking up; this is particularly true in the US where the economy is reaccelerating. While in the Eurozone, signs of upside pressure on core inflation are still to be seen.

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  • outlook 2019

    Cross Asset Investment Strategy Special Edition: Outlook 2019

    White papersThu, 6 Dec 2018

    With late cycle features continuing to materialise and a higher level of vulnerability developing due to the uncertain geopolitical backdrop, 2019 will require investors to embrace a more prudent approach, despite the benign global economic outlook. 

  • global investment views december 2018

    Global Investment Views: December 2018

    White papersWed, 28 Nov 2018

    This year has proven to be challenging for portfolio construction, as well as regarding returns. To put this into perspective, for 2009-17, our analysis shows that each year, on average, 76% of major asset classes (including different regional government bonds, equity, inflation-linked, currency and commodities) recorded positive performances. 

  • global trade war

    Global Trade War: Where Do we Stand Now? What Impacts?

    White papersWed, 28 Nov 2018

    A few days before the important meeting between U.S. President Donald Trump and Chinese leader Xi Jinping, it is important to have a clear view on the trade dispute between the two countries and on the potential impacts of a trade war.

  • brexit

    Brexit: Where do we stand and what should investors expect?

    White papersMon, 26 Nov 2018

    Where we stand and possible scenarios ahead: After the EU approval of Brexit deal, we are going to pass through some tough times until the UK parliamentary vote on Brexit Withdrawal Agreement in December. 

  • italy moves towards an excessive deficit procedure

    Italy moves towards an Excessive Deficit Procedure, but a change of attitude is in the air

    White papersMon, 26 Nov 2018

    This large and unprecedented deliberate breach of the so-called “preventive arm” measures therefore calls for moving Italy into the “corrective arm” of the Stability and Growth Pact. 

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