Global economy will 'muddle through' 2015: Allianz

World still in state of 'financial repression'; equity performance will increasingly come from dividends

Published Mon, Jan 19, 2015 · 09:50 PM

Hong Kong

WITH supportive monetary policy and much liquidity in financial markets, the global economy will muddle through 2015 in a year much like 2014, said Allianz Global Investors' (AGI) global chief investment officer Andreas Utermann.

"Let's not get confused by talk of Fed tightening in 2015. The global economy is not in great shape, it is not moribund. The Eurozone won't go into recession, Asia won't," said Mr Utermann, who was in Hong Kong for the fund manager's first media event in Asia last Friday.

He repeated an argument he has made since 2013: that the world is still in a state of "financial repression", where central bank…

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