Our Global Debt Team offers its quarterly update on worldwide macroeconomic conditions.
Euphoria following President Ramphosa’s 2018 election has faded as economic reality sets in.
Derivatives, not bonds, may sometimes be the better investment choice in the hunt for extra yield.
India needs fiscal consolidation and reforms, but political momentum for them may be waning.
Mexico’s fiscal picture and policies take shape under new President López Obrador.
China is slowing, but we expect the government will act as needed to stabilize growth.
We are cautiously optimistic in our outlook on Mexico as AMLO makes his mark.
The U.S. housing sector is likely to remain soft this year after peaking in early 2018.
India’s economic outlook is improving, though the potential for near-term volatility remains.