5 months ago • 4:49 mins
abrdn has just lowered its global economic forecasts and mapped out multiple scenarios that could play out from here. So let's take a look at the three most likely ones – barring the most probable: a recession – so you know what to watch for – and how to adjust your portfolio if you see them coming.
On average, economists around the world expect the global economy to grow by 3.2% this year, 2.9% next year, and 3.4% in 2024. Not likely, says abrdn: it believes the global economy’s multiple challenges will lead to a bigger global recession even sooner than it previously thought. The investment management firm is now predicting global growth of 2.8% this year, 1% next year, and 1.5% in 2024.
The market took a beating last year, but now it’s starting to punch back. Russell’s taken a look at the strong start to the year and where the opportunities might be.
Two pharma giants have got breakthrough weight-loss treatments. So Luke’s looked at this industry, and whether it can add some heft to your portfolio.
Morgan Stanley’s prestigious wealth management unit has been selling off some US stocks to boost its exposure to developing economies. Russell explains why it’s betting so big