2014 has brought a turning point in that economic growth and market returns have stabilized, while the world economy has returned to normal. In this paper, discover how JPMC's long-term assumptions (from the last decade) have stood the test of time.
In an environment already characterized by low inflation and low interest rates, monetary stimulus will likely continue to be relatively ineffective.
Executive summary of JPM's long-term capital market return assumptions
J.P. Morgan 2019 LTCMA Macroeconomic Assumptions
Mostly stable, mostly moderate
What to expect in the next 15 years.
The tide has turned for the U.S. dollar
J.P. Morgan 2019 LTCMA Currency Exchange Rate Assumptions
Executive Summary. Prolonged period of delevraging could mean low interest rates; subdued growth.
Full 62-page report with analysis of all asset classes.