Time to re-strategise in face of challenges of 2019
Investors could consider Asia high-yield debt and fixed income investments as a way to preserve their capital
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SLOWING global economic growth, disappointing earnings results amid warnings over a slowdown in China, negative surprises in economic data readings, and significant volatility in financial markets - investors grappled with all these factors in the last quarter of 2018.
In 2019, the general forecast is for lower global GDP growth and lower estimated earnings from consensus, both of which may cause volatility. The downward revisions to estimated earnings can be seen in the accompanying charts.
In 2018, the consensus outlook was sanguine, so investors might not look forward to the year ahead. If the 2019 outlook turns out to be accurate, I could empathise with investors looking to defer adding to their existing investments until 2020, or looking to withdraw capital from financial markets.
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