Global Investment Strategy Q1 2020: Is the world economy on the mend?

Is the world economy on the mend after the trade shock?

There are signs of recovery in global activity but the biggest risk – trade – is here to stay. While investors welcomed the truce between the US and China, two-thirds of tariffs are still in place and the difficult issues have not been resolved.

Our main investment thesis is still a world of slow growth and low interest rates.

Meanwhile, great forces are reshaping markets: coronavirus, President Trump’s impeachment trial, Democratic primaries and November US elections. Longer term, investors will have to face ever-changing geopolitics, social discontent, inequalities and climate change. Discover how we’re adjusting portfolios to weather the challenges and seize opportunities in the Q1 2020 outlook video with Stéphane Monier, CIO Private Bank, and Samy Chaar, chief economist.