28
Oct
Q4 Investment Strategy & Outlook 2020
Global Investment Climate - Key Points
- Investors and the general population were dangerously cavalier over the summer
- Second wave of Covid-19 now on the horizon
- Confidence remains inordinately high in financial markets
- Exiting the economic crisis could be slower than expected
- Political uncertainty in the US has not been factored in
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
