Global capital markets have been volatile since the start of 2016. How should we be thinking about the near-term global economic outlook?
- Is the market just pricing in a view that disruptions in the energy market and weakness in China will soon trigger a global recession? Or is there more to it?
- Will the negative central bank rates constitute effective policy or a blind alley? Or will doubts continue to grow, further undermining Japanese central bank credibility?
- Global commodity price adjustments have had an impact on currencies, the energy sector and high-yield bonds. How close are we to the turning point?
While capital market returns should reflect economic growth over the long run, market signals and economic fundamentals at times can diverge along the way. We see that happening now. The presentation will analyze in depth the perplexities behind the recent volatility and present AB’s perspectives on the global economic outlook.