Global growth is increasingly divergent

Insights, CIO Update, Geopolitik
7/31/2018 Reading time: 1 minute(s)

While we stick to our Goldilocks Again scenario, corporate earnings for the second quarter are highlighting that while earnings remain very strong in the US, Europe and Asian companies are seeing slower growth rates. Trade war rhetoric has also had an impact on corporate sentiment with companies increasingly cautious on giving a bullish outlook in case higher tariffs have an impact on revenue or feed in to higher input cost inflation.