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Asset Management: Monthly Letter – January 2019

Marc-Antoine Collard, Chief Economist, Head of Economic Research, Asset Management, Europe

The year 2018 ended in stark contrast to the almost euphoric optimism observed earlier in the year. The economic outlook has darkened in recent months and the worries about the weakening of global trade, sharp political tensions and high levels of indebtedness in both the private and public sectors prompted financial markets to react abruptly. In short, this is the first time since 2016 that the beginning of the year is marked by so many fears about the global economy.

Read the full analysis in the Monthly Letter (PDF 380 KB)

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Asset Management