SPEU - Geopolitics' Clout On Markets Persists
The impact of the protectionist push on the global economy and markets is playing out: Global growth is slowing, and geopolitical volatility has increasingly swung markets. A perceived easing of U.S.-China trade tensions and the risk of a no-deal Brexit has supported risk assets since early October. Yet, we expect more twists and turns in coming months and see geopolitical risks staying elevated in the longer term. We advocate for raising portfolio resilience.
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World trade growth and Global trade BGRI, 2014-2019
Sources: BlackRock Investment Institute, with data from U.S.