History will likely show that 2018 was the peak for GDP growth in the current economic cycle. While growth is expected to be softer in 2019, we don’t anticipate a significant slowdown and expect all major developed economies will keep growing ahead of their respective trend rates. We still perceive a finely balanced outlook for markets, with more swings in investor sentiment likely, but overall conditions have improved and we remain cautiously constructive on growth asset classes.
Read more on our outlook for the New Zealand and global economies, and across asset classes, in the January edition of Quarterly Strategic Outlook.
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