All Inflation articles – Page 18
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White papersGlobal Macro Outlook - First Quarter 2024
After two years of aggressive tightening, global central banks pivoted in December. We expect some growth in the coming quarters, albeit subdued compared to history. With inflation easing, most global economies are off to a good start for the year. Yet, things can, and do, change quickly.
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White papersMacroeconomics, Geopolitics, and Strategy - January 2024
Recent Q4 2023 inflation data in the Euro Area, UK and US, on net have surprised on the downside, with year-over-year (YoY) rates of headline inflation now standing at 2.9%, 3.9%, 3.4% respectively, prompting expectations of a faster than expected reversion to target.
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White papersEurope: time for fiscal consolidation
The public finances of Eurozone countries began to improve in 2023 and fiscal consolidation will intensify in most Eurozone countries during 2024. Still, fiscal vulnerability – particularly for the most heavily-indebted countries – will rise over time, leading to a higher probability that public debt will not stabilise. The aim of the new fiscal rules is to ensure the longterm sustainability of public finances, but funding for the green transition could suffer.
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White papers2024: A year to be active in infrastructure
Despite initial fears of recession and volatility in 2023 due to high rates, inflation, and geopolitical tensions, global equity markets returned an incredible 20% for the year overall.
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White papersJobs and inflation on market’s radar
Like in 2023, inflation figures will remain, in 2024, an important driver of market’s expectations regarding Fed rates decisions. Inflation has come down by a lot, but it is still above 2% and the latest reading shows a slowdown in the disinflationary trend.
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White papersFixed Income Investment Outlook: 1Q 2024
Amid slower economic growth and more benign monetary policy, we believe that this year bond prices will be driven less by inflation and central bank policy and more by economic growth dynamics. Rather than seek to play the timing of interest rate reductions, we think it will be more effective to focus on the ultimate destination of rates and adapt portfolios accordingly.
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White papersOutlook 2024: Prepare for changes in the investing climate
Heading into 2024, it is difficult to remember another time when the outlook was so uncertain. Recession or expansion? Inflation or deflation? Higher interest rates for longer or central banks preparing to pivot? Take your pick and you will find a pundit arguing for each scenario as if it was a foregone conclusion.
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White papersJapan’s equities surfing on the end of deflation
”Japanese equities may further benefit from the major transformations in the country’s economy and markets.”
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PodcastOuterblue Convictions – Global Investment Views: What stands out amongst the Santa Rally?
In our last Convictions podcast of the year, Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, sat down last week to discuss whether any of the recent policy comments or economic data publications might have impacted our main calls for 2024.
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White papersECB on hold supportive for Euro credit markets and govies
Key takeaways from the European Central Bank’s meeting
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White papersFed and ECB: towards rate cuts in 2024
”Markets expect Central Banks to cut rates in early 2024. This is too optimistic, but falling inflation is good news for investors.”
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White papersCross Asset Investment Strategy - December 2023
The impact of rate increases on businesses is expected to intensify in 2024. Businesses haven’t been impacted much by higher rates so far because they have used the cash they collected during Covid and refinance needs have been limited.
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White papersKey Investments themes 2024: views from around the Generali Investments ecosystem
The global economy showed remarkable resilience in 2023, avoiding the sharp recession that was widely expected at the start of the year.
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White papersMacroeconomic and financial market forecasts - December 2023
Macroeconomic forecasts as of 14 December 2023
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White papersMacroeconomics, Geopolitics, and Strategy - December 2023
Following 3.1% growth in 2023, we expect global growth to slow to 2.4% in 2024, well below the IMF’s expectations of 2.9% in 2024 and the historical (2000–19) average of 3.8%. The weaker performance of advanced economies is one of the main reasons for this divergence. Indeed, we expect them to decelerate from 1.5% this year to 0.7% in 2024, while the IMF forecasts advanced economy growth at 1.4% next year.
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White papersHigher rates will start to bite the corporate sector in 2024
The impact of rate increases on businesses is expected to intensify in 2024. Businesses haven’t been impacted much by higher rates so far because they have used the cash they collected during Covid and refinance needs have been limited. However, refinancing needs will rise in 2024 Small and medium sized companies and lower rated HY issuers will be most impacted. The spillover from higher rates will be more limited for IG companies.
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PodcastCIO perspectives on what lies ahead in 2024
M&G’s CIOs Jim Leaviss and Fabiana Fedeli share their perspectives for 2024, considering how to potentially drive returns through the uncertainty ahead, and highlighting the importance of being selective in a challenging economic environment.
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White papersFOMC on Hold — Rate Cuts by May 2024?
As expected, the Federal Open Market Committee (FOMC) decided to keep its key interest rate, the federal funds rate, unchanged at 5.25%–5.50%.
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White papersHigher for longer: 2024 Outlook
As ever, central bank policy has the power to make or break markets.
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White papersThe Federated Hermes 2024 Outlook
2024 will once again be a year where events define the investment landscape. From geopolitical risk, including conflicts in Europe and the Middle East, to the enormous challenges posed by the need for a just transition, investors face volatility and uncertainty. And this is all taking place against the backdrop of the largest election year in history and markets adjusting to ‘higher for longer’ interest rates.
