JP Morgan sees more volatility ahead but is cautiously optimistic

SINGAPORE (Apr 19): Strong global demand should continue to fuel capital expenditure spending and trade but growth momentum for the global economy is moderating, says JP Morgan Asset Management (JPMAM) in its market outlook for the second quarter of 2018.

Dr Jasslyn Yeo, Global Market Strategist at JPMAM, says: “We see a broadening growth recovery in 2018, with the developed markets of the US, Eurozone and Japan growing above trend, led by strong market demand fuelling capex and trade recovery.”

She expects some moderation in growth in the second half of the year, but this is a natural progression after a period of above-trend growth.

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