By Alessio de Longis, CFA, Senior Portfolio Manager, Invesco Investment Solutions
A strengthening global recovery to support risky assets, favoring developed ex-US and emerging market equities.
Macro update
We believe the global economy is healing, and we expect its upward growth trajectory to continue for the reminder of the year. Based on our macro regime framework, the global business cycle remains solidly in a recovery regime, with growth below trend and expected to improve over the next few months. The recovery is strengthening in its depth and breadth. Our leading economic indicators suggest growth is