Global Financial Forecast 2020-2027

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 continue to expect the next seven years to be driven by a return to normality in central bank activities and productivity. Demographics should drive investor behaviour toward income, politics are likely to have a greater impact than usual, debt will continue to affect the economy and ESG factors will further influence capital allocation.