Market Outlook| 1st Quarter 2020

Market outlook for the 1st quarter of 2020. Over the next year we expect tentative growth stabilization. The ECB and the FED will maintain their balance sheet expansion programs. The FED is likely to keep further rate cuts open as an option next year.

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Market Outlook| 4th Quarter 2019

Market outlook for the fourthquarter of 2019. The downturn continues. As expected, the ECB and the Fed further eased their monetary policy in September.

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Market Outlook| 3d Quarter 2019

Market outlook for the third quarter of 2019. The global economy has continued to lose momentum. How will monetary policy react?

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Market Outlook| 2nd Quarter 2019

Market outlook for the second quarter of 2019. What effect does the slight slowdown in the global economy have on monetary policy and markets?

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Market Outlook| 1st Quarter 2019

Market outlook for the first quarter of 2019. How is the world economy developing and what is the situation regarding interest rates in 2019?

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Market Outlook| 4th Quarter 2018

World economic growth will exceed 3.5% this year. But we expect growth will slow in 2019. The world’s exporting countries are being hit by the President Trump’s protectionist measures.

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