THE EXTERNAL ECONOMIC FORCES In 2019, the global economic backgrounded was shrouded in uncertainty. 2019 was a challenging year for the global economy. It could be described as a year of sluggish growth, rather than recessionary conditions. Economic growth was the lowest since 2008, with all regions experiencing more subdued growth. The US economy slowed as the year … [Read more...] about The economic outlook for Ireland in 2020
None of the doom-and-gloom predictions materialised in 2019. Trade tensions did not spiral into out-of-control trade wars; new tariffs affected selected companies and industries, but they did not have a major macro impact. The US economic expansion did not halt—it went on to become the longest in history, with unemployment at a 50-year low. China’s economy did not stall; it … [Read more...] about Will the US economy survive the politics
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 … [Read more...] about Do higher wages for workers mean lower returns for investors?
With interest rates at historic lows, asset classes such as commercial real estate debt, infrastructure debt and corporate debt are increasingly attractive. But this is not just because of their potentially higher yields. In this article, we compare private debt with public debt (i.e. bond markets). We highlight some of the benefits of private debt investments and the main … [Read more...] about Public versus private debt – what’s the difference?
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. We believe 2020 and beyond will bring a new normal, with climate disruption triggering a … [Read more...] about Climate disruption: the new normal