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Investment Outlook and Recommendations
The current global slowdown looks like the mini slowdowns in 2012 and 2015-16, as business conditions indicators have slowed but remain far from global financial crisis levels. While the slowdown has persisted for longer than expected, primarily due to the escalating trade wars, a global recession remains unlikely, barring a major external shock. Global business conditions PMIs have actually increased over the last few months suggesting that monetary easing may be getting traction. Global growth is likely to average around 3.3% in 2020, up from around 3% in 2019.
Feature | Uncharted Waters - 2020 and Beyond
There are a few weeks to go until the end of the decade. Financial markets have had their fair share of economic and political events to deal with, including the European debt crisis, the election of President Trump, the Brexit referendum, and rising trade tensions. The world’s central banks have by-and-large pursued “unconventional” monetary policy to support their economies after the global financial crisis, leading to previously unheard of phenomena such as negative yielding debt.
Warning: This report is intended to provide general securities advice, and does not purport to make any recommendation that any securities transaction is appropriate to your particular investment objectives, financial situtation or particular needs. Prior to making any investment decision, you should assess, or seek advice from your adviser, on whether any relevant part of this report is appropriate to your financial circumstances and investment objectives.