Business cycle approach

Explore each phase of the business cycle.
Business cycle graph - slowdown
Business cycle graph - recession
Business cycle graph - recovery
Business cycle graph - expansion
  • SLOWDOWN
  • RECESSION
  • RECOVERY
  • EXPANSION
  • SLOWDOWN
    Slowdown

    Growth decelerating, inflation rising

    Recession

    Growth decelerating, inflation falling

    Recovery

    Growth accelerating, inflation falling

    Expansion

    Growth accelerating, inflation rising

    OVERWEIGHT

    MARKET

    UNDERWEIGHT

    Absolute return

    Corporate bonds

    Government bonds

    Cash

    Commercial property

    Developed market equities

    Developing market equities

    Commodities