Outlook & Commentary
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Outlook & Commentary
Based on a mix of supportive economic policies and positive market conditions, the second half of 2018 seems to be positioned for growth in the United States. But acceleration is never a sure thing despite what may appear to be an environment ripe for spending.
Outlook & Commentary
While the global economy may be stuttering, there's still room for confidence. The second half of 2018 could get a steadying boost from the US economy – and US consumers.
Outlook & Commentary
The US dollar has long been the currency of choice for banking and trade, and for valuing all other currencies. This has brought the US enormous economic benefits and significant structural downsides. Yet a shift away from the dollar may have begun, which could help the global economy in the long run.
Outlook & Commentary
Given the growing number of risks facing the EU – including slowing growth, rising US protectionism and upheaval in Italy – we expect caution from the ECB. Not only is it unlikely the central bank will detail the exit strategy for its extremely accommodative monetary policy, but QE may even be extended.
Outlook & Commentary
Clear forward guidance from the Fed and a run of strong economic data point to one probable outcome from the FOMC’s June meeting: a rate hike of 0.25%. We don’t believe that any external factors – such as emerging-market volatility or political tensions in Italy – are likely to deter the Fed at this stage.
Outlook & Commentary
Market indicators point to a more supportive environment for investors who once may have been swayed by the seasonal “sell-in-May” strategy. Here are five ways to potentially benefit from today’s climate of strong fundamentals, healthy earnings growth and accommodative monetary policy.
Outlook & Commentary
Productivity is the key driver of global economic growth, but it has stayed puzzlingly low despite a string of high-tech innovations. Ageing societies are making matters worse. If the world doesn’t fix the productivity challenge, we may be sentenced to a lower-growth environment for years to come.
Outlook & Commentary
It’s more important than ever for asset managers to understand their clients’ needs precisely before offering solutions. Allianz Global Investors is focused on solving our clients’ top problems by being more active, focusing more on non-financial ESG factors and making greater use of performance fees.
Outlook & Commentary
The latest US economic data appear to support the Fed’s strategy and match the market’s expectations: no rate rises after the FOMC’s May meeting, but three or four hikes by the end of the year. Longer term, however, the market’s expectations don’t match what the Fed is likely to do, which could create turbulence.