Markets, economy, stocks, growth, global, fixed income, international, asset classes
This weekly update provides a snapshot of changes in the economy and markets and their implications for investors.
We expect another positive year for emerging market debt in 2020, with base case expectations of about 8% returns for emerging market hard currency, and 11% for emerging market local currency.
Themes and implications from the most recent Global Fixed Income, Currency & Commodities Investment Quarterly
We emerged with a cautious near-term view from our latest quarterly strategy meeting in early September. In our base case scenario, the global economy is expected to narrowly avoid recession and continue to grow, albeit much more slowly.