BWG - Gimme Shelter: Uncertainty On The Rise
Following our recent blog summarizing key takeaways from BlackRock Investment Institute's Mid-Year Global Investment Outlook, this post takes a closer look at the first theme: a wider range of growth outcomes amidst rising macro uncertainty.
We believe macro uncertainty will be higher than it was in the first half of 2018 and will be a more dominant driver through the remainder of the year. Market attention to geopolitical risk remains elevated, as indicated by our global BlackRock Geopolitical Risk Indicator (BGRI). Factors driving the rise in our uncertainty score are increasing global trade tensions and