Economics & Markets

Quarterly Strategic Outlook - January 2020

By AMP Capital

2019 was a challenging year for the global economy. We had accepted that global growth was through the peak in cycle, but the weakness was more extreme than we had anticipated and growth looks to have come in at around 3.0% for the calendar year. The greatest area of weakness was industrial production, a result of the ongoing escalation of trade tensions between the United States and China. 

The good news from 2019 was that continued solid consumer spending in the key developed economies prevented a sharper downturn in economic activity. The combination of easier monetary conditions that were implemented in 2019 along with the beginnings of an easing in trade tensions should see some stabilisation in global growth in 2020.

Read more on our outlook for the New Zealand and global economies, and across asset classes, in the January 2020 edition of Quarterly Strategic Outlook.

Quarterly Strategic Outlook

In this edition more on our outlook for the New Zealand and global economies, and across asset classes.

  • Economics & Markets
  • Quarterly Briefing
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Important notes

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.

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