01
Jul
Q3 Investment Strategy & Outlook 2020
Global Investment Climate - Key Points
- Pandemic no longer scares investors
- Central banks’ massive liquidity injections are reassuring
- A new paradigm is driving government indebtedness
- Rapid rebound in financial markets and return of a certain euphoria
- Disturbing dichotomy between financial markets and the real economy
UAE Investment Climate - Key Points
- Revised GDP Projections
- First PMI Reading in expansion territory since start of the year
- Moody’s revise outlook to negative on eight UAE Banks
- Cash buyers buying Dubai properties at lowest valuations in a decade
Key convictions for Q3 2020 - Key Points
- The economic shock of Covid-19 will have lasting effects
- A new paradigm prevails in terms of fiscal policy
- Ultra-accommodative monetary policies until 2022
- Forced monetisation of government debt and inflationary risks
