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Mensuel de décembre 2018 - Fonds / Bourse

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The big picture
By Evan BROWN, Head of Macro Asset Allocation Strategy, Dan HERON, Senior Investment Strategist & Ryan PRIMMER, Head of Investment Solutions, UBS AM   We highlighted in the Mid-Year edition of Panorama that the rate of acceleration in the global economy had moderated and that growth rates by country and region had become more differentiated and less synchronized.   Those trends have largely continued in recent months, with the stark relative strength of the US amplifying investor concerns about the vulnerability of emerging market (EM) economies with high current account deficits, the outlook for lower growth in China as global trade tensions shift higher, and the prospects for economic growth in the developed world outside of the US. Meanwhile, with...
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