Asset Management: Monthly Letter – May 2019
Marc-Antoine Collard, Chief Economist, Head of Economic Research, Asset Management, Europe
Global economic growth peaked at nearly 4% in 2017, then declined to 3.6% in 2018, and is expected to slow further in 2019 to 3.3%, the slowest pace in a decade. After several months of relative disappointment, a rebound in economic growth is expected by most forecasters in H2 2019. Unfortunately, some elements are in contradiction with this scenario of stronger global growth.
Read the full analysis in the Monthly Letter (PDF 315 KB)