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CN - 2020 Global Market Outlook: Cycle Interrupted
Xtrackers MSCI All China Equity
By Andrew Pease
Signs point to a mini-cycle recovery in 2020, with central bank easing in particular helping to stave off short-term recession fears.
Hold the epitaphs: this aging cycle seems likely to last beyond 2020. This time last year, it appeared that U.S. Federal Reserve (Fed) tightening, the China-U.S. trade war and diminishing economic slack1 could push the U.S. dangerously close to recession by the end of 2019. At times during the year, recession seemed possible as global manufacturing contracted and the U.S. yield curve inverted. However, central bank easing, the de-escalation in