Market Insight – Winter 2019

January 25, 2019

Darkened growth prospects?

We will not fail to the tradition of resetting the counters on the financial markets at year-end, in order for them to make full resolutions and leave fresh and perky for the new year. Except that in 2019, we will have to cope with a fear that is gaining ground among economists: whether this new year will mark the return of the recession. We rule it out. But … the question will rest more nagging in 2020. Especially if Central Banks insist on fighting against a threat of inflation which is far from significant and the President of the United States is just as eager to lead a real commercial war.

PDF: Market Insight – Winter 2019