MOVING into 2016, the BlackRock Investment Institute noted the business, credit and valuation cycles were out of sync around the world, and advised investors to carefully navigate this environment of heightened uncertainty.
We are now entering a new phase of geopolitical challenges, most notably the US presidential election in November, and expect more volatility in markets in the second half.
The United Kingdom's decision to leave the European Union highlighted that if one thing is for certain, it is uncertainty. Hence, we have trimmed our expectations for global growth. As the Brexit vote weighs on sentiment, we see a risk of a UK recession and expect downgrades to an already poor growth outlook...
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