Counting on economic cycle extenders

Paris, 19/04/17

 

By 

Laurence Boone,

Head of Research and Investment Strategy - AXA IM R&IS

and 

the Research & Investment Strategy team

 - AXA Investment Managers

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.

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