The global economy will experience 2.2 percent real average annualized growth over the next five years, along with controlled inflation and accommodative monetary policy, according to Northern Trust’s Capital Market Assumptions five-year outlook. The firm predicts that interest rates will remain low, with inflation continuing to be minimal as a result of continued muted global growth and timid policy responses. Slowing growth, exacerbated by ‘Stuckflation’ and the ‘Irreconcilable Differences’ between the U.S. and China are just some of the themes Northern Trust’s Capital Market Assumptions group identified behind the trends shaping the markets and economy in the next five years – all important factors that underlie the firm’s long-term outlook.

source https://finance.yahoo.com/news/northern-trust-5-market-forecast-050100744.html?.tsrc=rss