Robeco publishes its outlook for 2019: ‘Turbulence ahead’

9 november 2018

Robeco publiceert op haar website:

“Robeco expects turbulence in 2019, according to its annual outlook which was published today. In 2019, the market will have two faces, on the one hand, there will be sustained, above-trend growth in developed economies and somewhat stronger growth in emerging countries. However, on the other hand, the bright economic picture is expected to be overshadowed by concerns that this long bull market will soon end amid rising interest rates, trade wars, potential overheating of the US economy and concerns surrounding Italy and Brexit.

Trade tensions between the US and China are likely to persist, though without any significant escalation. Growth in the EU will probably mirror that of 2018, and, as such, remain above trend. A key negative risk factor will be a thing of the past after 29 March 2019 when the UK leaves the EU. A transition deal can be expected, that will ensure little actually changes. The budget plan of Italy’s new populist government is a second risk factor, as it violates prior budget agreements with the EU. Nevertheless, Robeco believes that Italy will eventually back down as doing so is in the country’s best interests.”

Lees verder via de bron: bronbericht op website