Economic outlook

Aberdeen Standard Investments Expects “An L Not a V Shaped” Recovery in Global Growth in 2020

Date:

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Pixabay CC0 Public Domain. Aberdeen Standard Investments prevé una recuperación del crecimiento global en forma de L “y no de V” en 2020

Author: Funds Society, Madrid

  1. ASI doesn't think markets have priced in a moderate recovery in industrial output and corporate earnings
  2. "Risk assets are rallying and diversifiers are selling off, but changes in ‘hard’ data seem too insignificant to be the catalyst yet"
  3. The improvement in trade rhetoric, the ongoing easing in monetary policy and the apparent basing in leading indicators have catalysed an improvement in investor sentiment
  4. In a moderate recovery scenario, ASI believes spreads in high-yield and EM are still fair and their carry returns more backstopped by monetary easing