Changes to the nature of workforces in the developed world have seen the proportion of Gross Domestic Product (GDP) accounted for by wages fall for several decades, boosting investment returns. However, these trends could be set
Bonds will continue to provide benefits in terms of both portfolio diversification and return in the years ahead. However, with absolute bond yields at low or even negative levels in some markets, we acknowledge that these benefits may be muted relative to historical patterns.
The world seems to be losing the battle to halt climate change. Economies and financial markets appear increasingly unprepared for the disruption that higher global temperatures will bring. Moreover, policies to limit rising temperatures do not yet appear to be fit for purpose.
Global growth is approaching an inflection point; either the slowdown becomes entrenched and leads to a recession, or the cycle gets extended as interest rate cuts and fiscal stimulus start to take effect. What does this mean for the inflation outlook?
we see these schemes in Ireland as a guarantee and a “rock solid” promise by the employer, they are in fact dependent on many factors that if not in place or enforced could result in the benefit being reduced or not paid at all.
Economic indicators suggest a global recession is unlikely, and any resolution of the China-US trade war could provide further relief. However the author believes the UK could be moving closer to recession territory.