The key political, macro and credit risks that insurers may want to address in 2019.
Themes and implications from the most recent Global Fixed Income, Currency & Commodities Investment Quarterly
Updated each quarter, the Guide to the Markets illustrates a comprehensive array of market and economic trends and statistics.
What investors should consider
The potential political, macro and credit risks insurers may want to address in 2019.
Emerging Market Equity Views : Favorable global cycle and USD outlooks create a positive environment
While tariffs remain a concern, the key issue is the degree—which we deem moderate—of U.S. recession risk. The current global backdrop makes the U.S. dollar unlikely to strengthen. Earnings growth expectations are modest, valuations are undemanding
We cut the chances of recession to 25% after a thaw in the trade war and a year of rate cuts; our forecast is for sub trend growth. Favored sectors include emerging market local currency debt and higher rated short-duration securitized credit.
Despite a challenging economic environment, emerging Asia equities posted solid returns in 2019. This unusual divergence is likely to end this year amid a more upbeat economic outlook for the region.