The Year Ahead 2020
We use 15 charts from our Guide to the Markets - Asia to illustrate the global economic backdrop, as well as how investors can keep FIT and build portfolios when walking this economic tightrope. We hope these charts, along with our Market Insights program, can help you navigate 2020’s investment environment.
Global Fixed Income Views
Recession is our base case scenario, at 50%. We raised the likelihood of Crisis to 15% while lowering Sub Trend Growth to 30% and Above Trend Growth to 5%. We’re using market rallies to reduce our interest rate exposure and credit risk. Our best idea: high quality, short-dated cash flows.