The world economy continues to climb further, led by the US, while the world’s central banks are expected to remain supportive of financial markets in general and riskier asset classes in particular, reports SEB.
“Things are moving in the right direction, though at a slow pace,” comments the Nordic financial services group in its latest investment outlook.
SEB’s main scenario is that 3.5%-4% global growth should be enough to drive stock markets higher in a stable but not especially powerful trend. Aside from economic growth, stock market performance is also being sustained by a lack of alternatives.
“In SEB’s assessment, the prevailing rather slow economic upturn may last for quite a while longer, although its path will probably continue to be volatile, as developments in October and November showed especially well,” said Hans Peterson, global head of asset allocation at SEB.
The report can be read in its entirety at www.sebgroup.se.
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