한국어 日本語 CLIENT LOGIN About Us Investment Capabilities Insights How We Invest IFM INVESTORS INSIGHT ARTICLES ECONOMIC UPDATES Economic Updates Economic Update Economic Update September 2021 Alex Joiner, Chief Economist Many advanced economies are close to ‘peak rebound’ from pandemic driven recessions, with the tailwinds of expansionary fiscal and monetary policy set to fade and supply constraints posing a headwind to future growth. READ MORE Economic Update Economic Update June 2021 Alex Joiner, Chief Economist Advanced economies will experience stronger near-term growth as economies re-open and are fuelled by ongoing stimulus. Recent US inflation concerns have impacted markets but should be transitory as demand and supply normalise following the recovery phase. READ MORE Economic Insight The impact of unlisted infrastructure assets on portfolios Alex Joiner, Chief Economist Frans van den Bogaerde, Economist Unlisted infrastructure has the potential to provide solid returns in a low-yielding world that can facilitate effective portfolio diversification and contribute to improved risk adjusted returns. READ MORE Economic Update Economic Update March 2021 Alex Joiner, Chief Economist Global economies have come through what appears to be the worst of the COVID-19 crisis, with continued policy support and the roll out of vaccines giving rise to a relatively optimistic outlook. READ MORE Economic Update Economic Update December 2020 Alex Joiner, Chief Economist Globally, a surge in COVID-19 in Q4 will weigh on near term growth, although the announcement of several promising vaccines has provided some light at the end of the tunnel. READ MORE Economic Update Economic Update September 2020 Alex Joiner, Chief Economist The economic shock caused by the COVID-19 crisis is severe - many countries have suffered the steepest fall in output since official records began, most are in recession and the path to recovery is anything but certain. READ MORE Economic Update Economic Update March 2020 Alex Joiner, Chief Economist The cautious optimism that greeted 2020 has already evaporated, following the emergence of a new virus. A material global economic impact is likely, but much uncertainty surrounds its severity and duration, and the policy response. READ MORE Economic Update Economic Update December 2019 Alex Joiner, Chief Economist The past year was characterised by a global slowdown, precipitated by increasing geopolitical uncertainty and heightened trade frictions. READ MORE Economic Update Economic Update September 2019 Alex Joiner, Chief Economist August was a challenging month for equity markets with the escalation of the US-China trade tensions. Recession fears re-emerge as the flow through impact from weaker trade growth now threatens to flow through economies exposed to global trade. READ MORE Economic Update Economic Update August 2019 Alex Joiner, Chief Economist With the US Federal Reserve easing its policy rate for the first time since 2008, the era of removing post-financial crisis monetary stimulus has now officially drawn to a close. READ MORE Economic Update Economic Update July 2019 Alex Joiner, Chief Economist Global trade tensions remained a key focus of markets over recent weeks, clouding the outlook for economic growth. READ MORE Economic Update Economic Update June 2019 Alex Joiner, Chief Economist May proved a challenging month for global investors, with equity markets selling off throughout the month. The primary factor driving global markets lower was an intensification of global trade tensions. READ MORE Economic Update Economic Update May 2019 Alex Joiner, Chief Economist The global economy is poised at “a delicate moment”. While economic growth will likely soften further through 2019, fears of imminent recession are largely overblown. READ MORE Economic Update Economic Update April 2019 Alex Joiner, Chief Economist Conflicting signals emanated from the world’s two largest economies over the past month, each with implications for the global growth outlook. READ MORE Economic Update Economic Update March 2019 Alex Joiner, Chief Economist Global equity markets have continued to recover through February. The fundamental question for investors is for how much longer can gains persist if global growth continues to decelerate throughout the course of 2019. READ MORE Economic Update Economic Update February 2019 Alex Joiner, Chief Economist Looking ahead, geopolitical concerns and anxiety as to the future prospects of the global economy will likely ebb and flow for some time to come yet. READ MORE Economic Update Economic Update November 2018 Alex Joiner, Chief Economist In 2018 the unusually synchronised economic growth upswing that characterised 2016 and 2017 ended. READ MORE Economic Update Economic Update October 2018 Alex Joiner, Chief Economist As the US economy continues to motor along, its outperformance is leaving other global economies in its wake. READ MORE Economic Update Economic Update September 2018 Alex Joiner, Chief Economist IFM Investors Chief Economist Dr Alex Joiner comments on the latest global economic news and trends. READ MORE Economic Update Economic Update August 2018 Alex Joiner, Chief Economist With global trade tensions rising, it is becoming increasingly evident that ‘trade wars’ are threatening to reopen ‘currency wars’. READ MORE Economic Update Economic Update July 2018 Alex Joiner, Chief Economist As the second half of 2018 begins it appears that peak investor and participant bullishness towards the much vaunted synchronous global economic cycle has now passed. READ MORE Economic Update Economic Update June 2018 Alex Joiner, Chief Economist As we approach the mid-point of 2018, it seems appropriate to look back to see how markets have performed so far this year, and why. READ MORE Economic Update Economic Update May 2018 Alex Joiner, Chief Economist The International Monetary Fund’s (IMF) biannual World Economic Outlook (WEO) was released in April. READ MORE Economic Update Economic Update April 2018 Alex Joiner, Chief Economist The volatility that characterised global investment markets in February and March has continued into April. READ MORE Economic Update Economic Update March 2018 Alex Joiner, Chief Economist The US economic outlook is of key interest to investors globally as it drives the underlying prospects for financial markets. READ MORE Economic Update Economic Update February 2018 Alex Joiner, Chief Economist As 2017 ended, markets had entered a bliss point, with strong returns in a low volatility environment. READ MORE Economic Update Economic Update November 2017 Alex Joiner, Chief Economist We entered 2017 full of trepidation. Geopolitical risks were taking precedence over economic ones, and a dreaded “Black Swan” event was seemingly a very real prospect. READ MORE Economic Update Economic Update October 2017 Alex Joiner, Chief Economist The US economy continues to perform well as we move into the last quarter of 2017. READ MORE Economic Update Economic Update September 2017 Alex Joiner, Chief Economist Another watershed moment in the post-global financial crisis monetary experiment fast approaches. READ MORE Economic Update Economic Update August 2017 Alex Joiner, Chief Economist The Reserve Bank of Australia (RBA) had markets moving this month, particularly the Australian dollar. READ MORE Economic Update Economic Update July 2017 Alex Joiner, Chief Economist Evidence continues to mount that the era of extraordinary central bank policy accommodation is at an end. READ MORE Economic Update Economic Update June 2017 Alex Joiner, Chief Economist Global financial markets continued to edge cautiously higher through May. READ MORE Economic Update Economic Update May 2017 Alex Joiner, Chief Economist The International Monetary Fund’s (IMF) biannual World Economic Outlook (WEO) was released in April. READ MORE Economic Update Economic Update April 2017 Alex Joiner, Chief Economist For much of the last month or so the upward momentum in US financial markets has begun to wane. READ MORE Economic Update Economic Update March 2017 Alex Joiner, Chief Economist Markets focused heavily on policy speeches given in the US this month. READ MORE Economic Update Economic Update February 2017 Alex Joiner, Chief Economist The financial market’s positive view of President Donald Trump’s economic policy platform has now spread to market and official economists alike. READ MORE Economic Update Economic Update December 2016 Alex Joiner, Chief Economist The global economic environment can be described as lukewarm in 2016. READ MORE Economic Update Economic Update November 2016 Alex Joiner, Chief Economist Nervousness ahead of the US election dominated markets and news flow over much of late October and early November. READ MORE Economic Update Economic Update October 2016 Alex Joiner, Chief Economist Central banks the focus of market attention - Recent market focus has squarely been on the advanced economy central banks. READ MORE Economic Update Economic Update September 2016 Alex Joiner, Chief Economist Recent months have brought further monetary policy stimulus in Japan and the UK. READ MORE Media Centre Contact Client Login Site Map Modern Slavery Privacy Notice Ethics Contact Line Disclaimer