Economic Growth

The Bank of Japan ended its 8-year regime of negative interest rates, abolished yield curve control (YCC), and phased out purchases of risk assets. David Goldberg, Investment Strategist, gives his thoughts on the market outlook and what the shift in policy means here.

2023 proved to be a curious year for the global economy and despite rising geopolitical risks and the cost-of-living crisis, the global economy remained resilient. Unfortunately, the outlook for 2024 is a little bleaker and investors need to be both patient and cautious. Shweta Singh explains more in this outlook article.

Summarising this month’s investment view, Shweta Singh, Chief Economist, and Ross Barr, Senior Investment Strategist, commented: “Recently, equity markets have been paring back their year-to-date gains but, we think there is a short-term window where positive market performance from equities can resume before growth slows more meaningfully.

Shweta Singh, Senior Economist, shared our thoughts:

Recent labour market and inflation data, which show labour market rebalancing and inflationary pressures easing have just proven sufficient for the Bank of England to ‘wait and see’ how inflation trends continue to develop through the Autumn. Shweta Singh, Chief Economist, shares her thoughts on the latest interest rate decision.

Summarising this month’s investment view, Shweta Singh, Chief Economist at Cardano, commented: “Economic data in the US has been more resilient than expected, leading to upward revisions to the near-term growth outlook, but we think there is room for disappointment.  

Slowing growth and persistent inflationary pressures paint a bleak picture for H2 2023. Read our latest macroeconomic commentary here from the multi-asset team.

The ECB raised the policy interest rates by another 25bps at the June meeting. Our Chief Economist, Shweta Singh, shares her thoughts.