The spread of the coronavirus outside of China to a broader swath of countries in Asia and Europe is fueling a broad re-examination of 2020 global economic growth assumptions. Even with Tuesday’s 50-basis-point rate cut by the U.S. Federal Reserve, our economists say the global economy is headed for a significant slowdown at least in the first half of the year.
Although the U.S. economy ended 2019 on solid footing, certain weak spots were clearly developing by the end of the year. The coronavirus outbreak in January further exposed stocks’ vulnerability in the short term. Here are some of the cautionary signs we’re seeing.
Byron R. Wien, vice chairman together with Joe Zidle, chief investment strategist in the Private Wealth Solutions group at Blackstone, recently issued their list of Ten Surprises for 2020. This is the 35th year Byron has given his views on a number of economic, financial market and political surprises for the coming year.
As Chinese authorities deal with a rapidly spreading coronavirus, investors are raising questions about the potential impact on global economic growth and the financial markets. While much is still unknown about the extent of the outbreak — and, crucially, how long it may last — the initial drag on China and other emerging markets is starting to come into focus.
Nuveen’s chief equity strategist, Bob Doll, is heading into 2020 with a generally bullish outlook, despite the quirky and unpredictable influences of a presidential election.
The ten innovations I see coming in 2020 may not be a surprise to many, but most people will notice a change in the way we do business and entertain ourselves.
After a near-two-month lull on the trade news front, a surge in investor optimism, and reduced fears of a near-term recession, U.S. stocks remain fairly elevated but are off their all-time highs.
Here are the bank’s six assumptions for this year going to the next five.
Capital Group economists Darrell Spence and Jared Franz have revisited their outlook for the U.S. economy, including the prospects for a near-term recession.
The Federal Reserve’s move to lower interest rates last week made history on several fronts. It was the first rate cut since the global financial crisis in 2008, the first reduction with U.S. unemployment below 4% and the first time since the dot-com era of the 1990s that central bankers decided to ease policy with U.S. stocks at or near record highs.