Monthly Macro

Re-entering a lower for longer rate environment

After a decade of expansion following the Global Financial Crisis, the global economy once again finds itself at a pivotal moment. Growth is expected to slow over the next few years as macroeconomic headwinds converge, potentially tipping some economies into recession. But despite the negative headlines, we still hold a positive bias towards risk assets given the growing commitment among central banks and governments to support growth and corporate earnings.

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