Slower economic growth but no recession in 2019

CIO Update 4/2/2019 by Lars Kalbreier
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Global economic growth will definitely be lower than in 2018. However, we do not expect a recession. This is due to three factors: Central banks are supportive and have postponed increases in interest rates, the Chinese government has implemented several measures so support the economy and US consumer confidence is at its highest level in ten years.

Economic outlook and our investment strategy