Mubasher: The global economy’s growth rate is expected to be close to its levels in 2019 with low inflation rates, announced the chief investment officer of Emirates NBD Group, Maurice Gravier.
This came during the media briefing after Emirates NBD had released its global investment outlook for 2020 under the theme ‘Back to Reality”.
Gravier referred: “After a spectacular 2019, propelled by monetary easing meeting excessive pessimism, we expect markets to come back to the reality of fundamentals.”
It is expected for 2020 to witness the effects of 2019’s rate cuts; this impact will back consumer spending, help manage global debt in systems, and revive central banks that are mainly in emerging markets.
The chief investment officer of Emirates NBD further remarked that the UAE bank’s allocations are anticipated to generate single-unit revenues in 2020, similar to their expected long-term returns and nominal global GDP growth.
Gravier concluded: “To put it short: the fundamental scenario is benign but it is fully priced-in, which limits upside potential, and creates vulnerabilities to any negative surprise.”