Russell Investments: Soft-landing still at risk
Russell Investments has today published its latest Global Market Outlook. Their strategists believe that soft-landing optimism can deliver more near-term market gains but the risks of a sharper economic slowdown later in the year are elevated.
'Although declining inflation means central banks can start easing in the second half of the year, the lagged impact of previous rate rises is yet to be fully felt,' said Andrew Pease, Chief Investment Strategist at Russell Investments. 'Just as last year’s investor pessimism was overdone, we worry this year’s optimism could eventually prove to be excessive.'