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.