Investment Outlook: Back to the growth track
We believe that the world economy will avoid a recession and largely revert to its historical growth track this year and next. We also expect corporate earnings to rise this year and during 2025. Inflation will subside, and central banks will be able to cut their key interest rates, though at varying speeds and magnitudes. Valuations and general risk-taking among investors have climbed, but there is still upward potential. “We expect continued positive returns from both equities and fixed income and a continued trend towards a broader upturn. We believe that the rest of 2024 will be