October 2023 - Monthly House Views
Resilient economy, waning momentum
As monetary policy tightens and fiscal policy normalizes, we foresee a modest slowdown in developed economies. The US remains resilient with a robust labour market and normalising inflation, while European economies may lag due to wage and inflation discrepancies. China's outlook is disappointing, especially in the real estate sector. Central banks, nearing their rate-hiking peak, will await signs that core inflation is under control. The exception is the Bank of Japan, possibly adjusting its accommodating policy. What does this mean for investors and how does it impact our asset allocation?
Learn more in our October 2023 House Views by clicking on the document below.