The Divergence in Global Growth: Q1 2019 Market Outlook & Reviews
The declining growth rates in 2018 could mean that investors approach 2019 with greater trepidation while bracing for impact. PGIM’s leading macroeconomists and investment experts provide their perspectives on the implications of the pause in quantitative easing by the Fed, a weakening US dollar, more decisive stimulus from China, major occupier and investment trends influencing global real estate markets and much more.
The Fed’s Dovish Hike — But is it Enough for Markets?
In this piece, PGIM Fixed Income discusses how the risk off tone following this week’s FOMC decision may be reflective of a market that was disappointed that the Fed wasn’t yet more dovish.
The Economics of Global Aging: Gray Skies, Rays of Policy Hope?
The global economy is in the midst of an accelerating demographic transition, and the implications of this shift for macroeconomic performance and financial markets are sobering. In this paper, we note how aging demographics tend to result in softer real GDP growth, higher public debt levels, and lower inflation.
China's Bond Market Opening—Gentle Giant or Behemoth?
The opening of China’s onshore bond market marks a historic juncture. This paper highlights recent key developments, relevant technical specifics, and the intertwined macroeconomic and regulatory idiosyncrasies that investors need to be cognizant of in order to fully realize the potential of this new investment opportunity.