Greece—Near-Term Tailwinds, Medium-Term Headwinds
With a tumultuous decade behind it, Greece’s outlook presents two distinct sides. In the near term, there are numerous developments that support a positive outlook for the Greek economy as well as for holders of Greek government bonds. The economy is finally growing at a moderate pace, and the expansion will likely accelerate somewhat in 2020 on improved investment expenditures and household consumption.
Prospects for Global Potential Growth: The Next Decade
The slowing in global growth during the past two years frames a key question for investors: How is global potential growth likely to perform in the years ahead, say for example, over the next decade?
The Fed Serves Up Another Incremental Cut Amid “Disparate Perspectives”
At its September meeting, the Federal Reserve cut the Fed funds rate for a second time this year. Should investors expect another rate cut before year-end or will FOMC division delay further rate cuts going forward?
Challenges and Solutions to the Cost of Investing in Emerging Markets Local Debt
In this paper, PGIM Fixed Income explains the transaction costs associated with EMLBs and discusses possible solutions to help mitigate and, in some cases, eliminate these costs in order to maximize client portfolio returns.