01
Oct
Q4 Investment Strategy & Outlook 2018
Global Investment Climate - Key Points
- Economic growth more tentative in 2019
- Rising risks related to monetary policies and tightening liquidity
- Caution with regard to profits and PE ratios in 2019
- Financial outlook more uncertain in 2019
- Risks are multiplying and uncertainty is on the rise
UAE Investment Climate - Key Points
- U.AE Cabinet Approves USD 49.01 billion Budget 2019-2022
- Growing government spending to offset weaker private consumption
- Sharp increase in oil production
- New UAE law enables federal government to issue sovereign bonds
- Dubai real estate sales fell 20% during the first nine months of 2018
Key convictions for Q4 2018 - Key Points
- Limited economic risks in Q4
- US monetary policy still in normalisation phase
- Interest rates trending back up
- Increasing risks of trade war
- Weaker outlook for yields
