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Media Relations

14.01.2019

Economic and Financial Market Outlook: 2019 – a tale of two halves

  • Global growth to slow in 2019 but the year is likely to be a tale of two halves.
  • Weaker momentum in 1H; some improvement in 2H as Chinese growth picks up.
  • Above-trend growth in the US to fuel higher underlying inflationary pressures.
  • Fed to hike rates twice but to take a "pause" in the first part of the year.
  • Market volatility should remain high and equity markets are likely to be range-bound.