“Last December, markets became overly concerned about the outlook for global growth, thanks to the impact of the US-China trade conflict and what many saw as the Fed’s overly hawkish tightening schedule,” says Lori Heinel, SSGA’s deputy global chief investment officer. “Today, trade risks persist, but the policy stance has shifted.”
SINGAPORE (June 25): Rising US-China trade tensions have heightened fears of a recession, but asset manager State Street Global Advisors remains upbeat on global economic growth – at least for now.
In its mid-year global outlook published Tuesday, SSGA says it continues to see room for moderate global economic growth, on the back of a more accommodative policy stance by the US Federal Reserve.
