The Global Economic Outlook

Please click the link below to view Shane Oliver's latest views on the global economic outlook.

Key points are:

 

  • The global economy is still on the mend, but it's still a two steps forward, one step back affair.  Of the major regions the US is doing the best, but Europe is lagging.
  • This means occasional bouts of uncertainty, but it's not such a bad thing if it keeps central banks supportive.
  • We are in the sweet spot of the global economic cycle, which is good for growth assets.
  • The lack of global synchronisation means that fundamentals for individual regions, assets and stock matter.
  • Constrained global growth will mean constrained returns.
  • The big event to watch for is when the Fed starts to hike rates - but it still looks a way off at present.