Global Fixed Income Strategy - May 2024

The Invesco Fixed Income Team just concluded our semi-annual summit in May. We brought together our senior investors from around the world for debate and dialogue at our Atlanta headquarters. It was invigorating to be in person with so many of our colleagues, and it was incredibly valuable to work through our strategic views on economic and market direction and developments.

The basic tenets of our view remain unchanged. We believe the global economy will continue to grow at a steady pace with the US slowing somewhat from the strong pace of last year and European growth picking up. The underlying momentum of the economy and lack of clear imbalances means the risk of recession remains low.