Q4 Investment Strategy & Outlook 2020

28 Oct

Q4 Investment Strategy & Outlook 2020

Global Investment Climate - Key Points

  • Global GDP growth to slow in Q4
  • Overly optimistic expectations for pre-election GDP in the US
  • Economic slowdown in the EU
  • Relatively solid growth outlook for Swiss GDP
  • Everything seems hunky-dory in China

UAE Investment Climate - Key Points

  • Lower than projected economic growth forecast for the UAE
  • The UAE economy on a fragile recovery path from the pandemic
  • Positive PMI reading but Employment figures continues to contract
  • UAE Property Prices have fallen the most compared to the rest of the world

Key convictions for Q4 2020 - Key Points

  • The second wave of Covid-19 could slow the economic recovery
  • The US elections will strengthen the new global fiscal paradigm
  • Policy rates will remain very low for a long time
  • Moving towards a complete monetisation of new government debt
  • The US presidential election could change everything in November