Beijing will do whatever it takes
While there are questions over exactly how aggressively the Federal Reserve (Fed) will act to support the US economy, Beijing’s commitment to keep the show on the road is in no doubt. If China cannot “win” the trade war, it will ensure its economic ambitions remain on track. Early reticence to open the monetary and fiscal spigots is fading. Local government bonds are being issued to fund infrastructure projects, and taxes are being cut to boost consumer spending (see below). We do not doubt the intention of policymakers to keep growth in the region of 6%. The only question is how quickly and powerfully the authorities’ efforts bear fruit, and whether that stimulus eventually serves to support growth in China-dependent countries.
% of GDP
Focus on sustainable investing
The Investment Outlook team take a look at sustainable investing in 2020 and how we feel that there will be an increased focus on sustainability within the investment community.
The Investment Outlook team take a look at portfolio construction and how to balance risk whilst building resilience. We provide four key points to consider when constructing your portfolio.
Don’t fight the central banks
We take a look at the central banks and how central bank activism has helped push risk asset prices higher. Are the central banks now friend rather than foe to investors?
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