SSGA: Global Market Outlook 2020 – 'The Only Way Out Is Through'

SSGA: Global Market Outlook 2020 – 'The Only Way Out Is Through'

4 december 2019

Vooruitzichten
Outlook vooruitzicht (10) aan het roer.jpg

State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT) has today published its 2020 Global Market Outlook, predicting recession will be avoided through a continuation of growth, subject to the global economy “sidestepping substantial risks” to maintain momentum.

'2020 is not a year of recession,” said Rick Lacaille, global chief investment officer at SSGA. “We expect the global economic recovery to continue into 2020 against a backdrop of continued monetary easing, policy shifts and persistent pockets of resilience. Low inflation, robust consumer spending and a relatively strong global services sector combine to propel the cycle forwards. There are clear risk factors but overall, we expect world real GDP growth of 3.4 percent, up from our projection of 3.2 percent in 2019.'

Highlights of SSGA's Global Market Outlook 2020:

  • Risk factors increasingly prominent
  • Equities offer value in North America but risks arise in other territories
  • Long term growth potential in EM and Asia Pacific equities
  • Volatility expected as lower rates in fixed income markets persist
  • Currency and climate risk are key additional considerations

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