2Q19 Outlooks and Reviews

While Global Growth Remains at Risk, Recession is Unlikely

Despite a shift in investor sentiment, global growth remains at risk. In the latest volume of quarterly outlooks, PGIM’s leading macroeconomic and investment experts share their insights on geopolitical risks, central bank dovishness, the potential rebound of the Chinese economy, and much more.

Africa’s Rising External Debt, Part 1: A Tempest in a Teapot?

Giancarlo Perasso, Lead Economist CEEMA, Global Macroeconomic Research, and Elizabeth Doppelt, Analyst, Global Macroeconomic Research,

The growth of government debt in Africa has accelerated in recent years, giving it renewed prominence in the debate amongst investors, international organizations, and policymakers. In this paper, PGIM Fixed Income analyzes Africa’s external debt and concludes that market chatter about a debt restructuring is premature, and African countries have a viable path forward.