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The global economy is bottoming out
Investment Solutions - Chief Investment Officer

Dear Investors,


This week we discuss whether the worst of the trade-related slowdown is behind us in view of the latest developments in US-China trade relations.


Key takeaways:


  • Data suggests the worst of the global economic slowdown is past
  • The US/China trade dispute shows signs of improvement
  • China has the tools to manage a stable slowdown
  • While US consumer spending may help avoid a recession, it won’t stop a slowdown
  • Low economic growth will persist, but the end of the cycle does not look close.


Best regards,


Stéphane Monier
Chief Investment Officer, Lombard Odier Private Bank

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