“To argue against the global economy is like stating opposition to the weather – it continues whether you like it or not.” -John McCain-

As we being the New Year, we want to share the 2019 Outlook Summary published by the Capital Group, manage of the American Funds. The Capital Group invests heavily in global economic research, with employees stationed around the world. These individuals are in a unique position to assess an increasingly global economy.

As we begin 2019, volatility in the equity markets is likely to continue. Fed tightening, elevated debt levels and tariffs are all expected to take a toll on domestic corporations and consumers, while China’s slowing growth will likely weigh on international equities. Europe will face parliamentary elections, try to grabble with the effects of Brexit, and usher in new leadership at the European Central Bank. It is certain to be an interesting year.

We hope you enjoy the Outlook Summary and appreciate the perspective it offers. As always, if you have any questions, please let us know.