Global Macro Views: Five Economic Essentials for 2019

In Focus

U.S. Leading Economic Indicators
While U.S. economic growth is likely to slow from 3.0% to 2.5% in 2019, we expect GDP to grow above trend

U.S. Dollar
We think Fed policy will have a larger influence on the dollar, and the dollar will rally further, albeit within a range

Federal Reserve Policy
Estimates on the number of forthcoming hikes are declining, and we now see two more in 2019 before a pause in the Fed hiking cycle

Global Growth
Growth remains above potential and recession risks appear relatively low for 2019 across the U.S., Eurozone and Japan

Keep an eye on: Italy
Despite the substantial, recent sell-off in Italian assets, we believe there is room for additional weakness before a subsequent recovery

Asset Class

Based on a hypothetical model 60/40 portfolio. Recommendations are for informational purposes only and not intended to represent the tactical and strategic asset allocation of Voya’s Multi-Asset portfolios.

 

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Global Macro Views