Roy
5) Asset
Management
2018 Investment Outlook
[MACRO & MARKET VIEWS 28
‘WeatheringHeights: We expect the glabal exzansian to continue in
2018 and to carry global equities to new highs, However, we anticipate
more risks along the way as markets will need to navigate a
deceleration inthe pace of growth, central bank tightening and the
potential for renewed China fears.
‘ALSO IN THIS EDTION,
‘moderating expansion in 2018 6
erate pacein 2018,
elution: Nota strong cone for now, except in govermentbonds 7
Contralbank tightening finaly starts to mater in 2018 8
Navigation he ores of serupon 8
Whats hidden nthe big data? 0
Bottom Line
Irequte ve are lacking beyendbe
m2
‘ging markets nd lave v GSAM 2018 INVESTMENT OUTLOOK
Weathering Heights
We expect the global expansion to continue through 2018 and to carry
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