Insights   |   Sep 29, 2020

Global Financial Forecast 2020-2025

Since 2008, the economy and financial markets have been driven by extraordinary actions from central banks, a thirst for yield, falling productivity and a prolonged expansion characterized by very low inflation. We expect the next five years to be driven by the continuation of ultra-accommodative monetary and fiscal policy and a new cycle of stronger-than-expected growth and modest productivity gains. Demographics should drive investor behaviour toward income, politics are likely to have a greater impact than usual, elevated debt levels will continue to affect the economy, and ESG factors will further influence capital allocation.

Candice Bangsund
Vice President and Portfolio Manager, Global Asset Allocation and Private Markets Solutions