Our market update and economic outlook
Watch the video to hear Kate Leppard, Head of Client Service, in conversation with Cazenove Capital’s investment team.
Authors
The outlook for the global economy is improving, Cazenove Capital’s investment team suggested in our latest market update. Many of the indicators for recession that we were monitoring have now passed and inflation is coming down across the board. Markets seem to have moved on from the risk of recession and are now anticipating a “soft landing” for the US economy.
However, it doesn’t mean that everything is rosy, said Caspar Rock, our Chief Investment Officer. Geopolitical risk has clearly risen in recent weeks. And economic activity is strongest in the US. In Europe, the picture is slightly gloomier. China’s lacklustre recovery from Covid is also casting an economic shadow. Caspar questioned whether the outlook for China may be improving, with some indicators starting to turn higher. “I may be clutching at straws, but we could we be near the bottom in terms of negative sentiment for the Chinese economy” he suggested.
He was joined by Kate Leppard, Head of Client Service, Ahmet Feridun, Deputy Chief Investment Officer, and Grace Lavelle, Investment Strategy Director. Watch the video above to hear from them as they give their views on the economic outlook and take questions from clients.
This article is issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
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