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Global PLC still healthy

A recession looks far from imminent

24 July 2019

5 minute read

Although the trade war could escalate from here, we continue to focus on a world economy that still looks very much fit for purpose.

The current landscape

As part of our aim to keep clients informed of our current investment views and how these themes are impacting your discretionary portfolios, Toby Cross, Head of Client Investment Solutions, talks to Will Hobbs, Chief Investment Officer, about recent market performance, and the health of the US private sector.

Capital markets have bounced back from the negative sentiment over the world economy’s near-term outlook at the start of the year. This has helped to drive equities and bond markets higher. Bonds have been further supported by increasingly cautious central bankers and the potential for precautionary interest rate cuts.

We believe that the health of the US private sector continues to act as the main barrier against an imminent recession. Although the trade war could escalate from here, we continue to focus on a world economy that still looks very much fit for purpose.

As always, we continue to recommend investors get invested – and stay invested – in a diversified portfolio.

Global PLC still healthy

What lies behind the recent bounce back in the markets? Will Hobbs, Chief Investment Officer, asks Toby Cross, Head of Client Investment Solutions.

Things to consider

The value of investments can fall as well as rise. You may get back less than what you originally invested.

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