Discover our Global Market Strategy Office’s insights into the global economy and our tactical asset allocation for the back half of 2021.
Join some of our most experienced investment professionals and thought leaders on 7 July 2021 as they outline our base case and two further scenarios.
We expect the eurozone and US economies to grow above trend through 2021 on the back of reopening economies and successful vaccination efforts.
Looking into the second half of 2021, Invesco believes we’re in the early stages of a new economic cycle, with GDP returning toward its pre-crisis peak.
Our regime analysis has the US and Europe ending 2021 in the expansion phase of the cycle, a prospect that would likely be supportive for equities and credit.
We expect inflation to be transitory for many reasons, and as a result believe that monetary policy will remain supportive of the economy and financial markets.
The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
Data as of 15 June 2021 unless stated otherwise.
This document is marketing material and is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.
Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals, they are subject to change without notice and are not to be construed as investment advice.
