Counting on economic cycle extenders
Head of Research and Investment Strategy - AXA IM R&IS
- AXA Investment Managers
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April Investment Strategy
This cycle may last longer than anticipated, in part thanks to a cautious policy stance
- The US economy is showing signs of cyclical maturity.
- We expect US fiscal stimulus, even if less than expected, to help prolong the global cycle.
- Beyond the short-term political risk, we see challenges ahead for central banks, as the global expansion gains momentum and requires a cautious exit strategy.