Despite periods of anxiety and market volatility, 2016 ended up being an okay year for diversified investors, says AMP in its quarterly strategic outlook.
The year started badly with worries about global growth and deflation, but by the end of the year growth was looking solid and headline inflation was heading higher. Global GDP growth looks like coming in at around 3.1% in 2016 – not bad given the year started out with ongoing worries and angst about China and fears of a US recession. However, global growth is expected to be slightly stronger in 2017 at 3.5%, with two factors driving the pick-up – stronger above-trend growth in the US and higher average emerging market growth. While average emerging market growth looks. More>