By Nick Niziolek, CFA and Todd Speed, CFA
Heading into 2019, our view was that global growth would likely "re-synchronize" this year, following 2018, when fiscally induced economic strength in the U.S. offset weaker economic conditions in China as Beijing tightened liquidity conditions and implemented reforms.
Although data is mixed, key indicators have affirmed our positive bias toward China. In our most likely scenario, the U.S. and Chinese economies stabilize in coming quarters, with good potential for moderate re-acceleration during 2H19. Recent economic data out of China points to stabilization as looser liquidity conditions and