Dr Shane Oliver, Head of Investment Strategy and Economics and Chief Economist.
The attached note looks at five reasons why I am not so fussed about the global outlook. The key points are as follows:
There is no denying concerns about global debt, seemingly never ending QE, more debt trading on negative interest rates, inequality & geopolitical threats.
However, some of these concerns are exaggerated and there are five reasons why I am not so fussed about the global outlook. In particular, there is good reason to expect a pick-up in global growth over the next 12 months. This should help underpin further gains in share markets over the next 6-12 months.