Macrocast - Avoiding the worst, not expecting the best

ECB: communication realignment is failing for now. The public debate is pre-empting the “strategy review” as Lagarde is readying for her first post-Council press conference.

Lebanon in the eye of the storm

Lebanon is experiencing its largest street protests since the end of the civil war. The country is struggling with economic stagnation, and its fractious and corrupted political system has failed...

ESG and intangibles: Driving value creation across companies

Demonstrating the value of robustly integrating environmental, social and governance (ESG) factors into investing is critical to the success and credibility of responsible investment.

Iggo's Insight - A view from the markets – UK set for stability

Politics will remain a key driver of market volatility in the coming year given a new UK government, the US election and potential political change in Germany. Yet beyond these events, the...

Investment Strategy

Cautious optimism on global growth may finally be the catalyst for some US dollar weakness in 2020.

Emerging Markets 2020 Outlook

Growth has been weak in 2019, hurt by the US/China trade war and a series of idiosyncratic issues for countries such as India, Brazil, Mexico, Argentina and South Africa. We expect some rebound in...

UK 2020 Outlook

Growth in 2020 will reflect a trade-off between economic uncertainties and degrees of fiscal easing in a range of scenarios.

Japan 2020 Outlook

Japan is likely to face an economic downturn in 2020, impacted by both sluggish external demand and negative pressure from this year’s sales tax hike.

China 2020 Outlook

A structural slowdown will take the Chinese economy into a new chapter of sub-6% growth, starting in 2020

U.S. 2020 Outlook

Uncertainty over trade policy and the 2020 Presidential Elections are key unknowns in determining the US outlook for the coming years.

Eurozone 2020 Outlook

Euro area growth should continue to slow in 2020 as spillovers to the broader economy outweigh any globally- driven improvement in manufacturing and trade.

Investment outlook – 2020: Approach with cautious optimism

Monetary policy and other policy initiatives have likely decreased the chances of developed economies stalling in 2020

Executive summary 2020 Outlook

Fears of a 2019 global recession have abated as major macro risks have started fading. However, for 2020 we think actual GDP growth is unlikely to be able to exceed potential in the key economic...

UK General Election Update: Uncertainty likely to continue to disincentivise investment in 2020

UK General Election enters its final phase with a Conservative majority on the cards, but with no immediate comfort for business

Macrocast - Capex beyond uncertainty

The leadership change in the German centre-left may strengthen some expectations in the market of a significant fiscal push in Berlin next year.

Iggo's Insight: A view from the markets – Taking the temperature

The consensus expectation is for flat line growth in the major economies. Investor expectation is that, short term, things get better.

Latam turmoil follows the region’s structural decline

Latin America struggles. Since the end of the commodity fuelled economic boom six years ago, economic stagnation has settled in the region.

Fragile 20-20 vision

An interim trade deal between the US and China should ease global trade winds. Combined with stimulus enacted over a range of economies, we expect a stabilisation and modest rebound in global...

Macrocast: Iberian limits

Both Spain and Portugal are politically dominated by centre-left/radical left alliances. We look at how wide their macro room for manoeuvre is.

ESG Research Roundtable

Solène Danière, Fixed Income Portfolio Strategist, discusses some myths around Environmental, Social and Governance (ESG) integration, how fixed income investors can engage with issuers & what...