Our base case calls for steady growth and tame inflation to support corporate earnings and risk assets in 2018, but we pressure-test this outlook with improbable scenarios we call gray swans.
While there are many potential flashpoints, none seems material enough to derail the global economy or markets.
A slow but steady improvement in growth, coupled with modest inflation, is conducive for stronger global equity markets.
With 2018 potentially a break-out year, global investors should revisit their China strategy
Germany’s election campaign may have lacked the drama we saw in France, but the result could be memorable for the markets.
Plans are afoot to reform the Eurozone, as part of a grand bargain between Germany and France, but these efforts could be de-railed if Mrs. Merkel loses the German election.
A deeper dive into how globalization and its populist discontents continue to drive uncertainty for markets.
Emmanuel Macron has unveiled the first in a series of bills aimed at modernizing the French economy and tackling structurally high unemployment. But can he get the legislation passed?
Future of UK–EU relations now up for grabs after PM loses majority for negotiating Brexit.
A solid victory signals lower political risk across developed markets and is likely to support the rally in European markets building up to this outcome.
Ahead of key French elections, our investment experts look at how investors might shield themselves from ballot box shocks.
SSGA experts assess the macroeconomic, market, investment, public policy and regulatory implications of President Trump’s change agenda.
Brexit, Trump and Eurozone populism have a common thread in anti-globalization. But experience differs by country, resulting in different policy responses.
Have markets priced in the protectionist risks of “America First”? The implications for investors of trade skirmishes with China and Mexico.