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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Important notes
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This article has been prepared to provide general information and does not constitute 'financial advice' for the purposes of the Financial Advisors Act 2008 (Act). An individual investor should, before making any investment decisions, consider the information available in the relevant Product Disclosure Statement and seek professional advice. While every care has been taken in the preparation of this document, AMP Capital Investors (New Zealand) Limited and the AMP Group (together, 'AMP') make no guarantee that the information supplied is accurate, complete or timely and do not make any warranties or representations in respect of results gained from its use. The information is not intended to infer that current or past returns are indicative of future returns. The views expressed are those of the author and do not necessarily reflect those of AMP. These views are subject to change depending on market conditions and other factors.