„Goldilocks-Szenario“ weiter intakt, doch Normalisierung der Notenbankpolitik und Ölpreis bergen Risiken
US-Steuerreform feuert Wirtschaft in später Zyklusphase noch einmal an
Binnenkonsum bleibt in Europa Wachstumstreiber
Im Rahmen ihres Kapitalmarktausblicks auf das erste Quartal 2018 erwarten die Experten von J.P. Morgan Asset Management eine Fortsetzung des global überdurchschnittlichen Wirtschafswachstums. Dies sollte in Kombination mit weiterhin moderatem Inflationsdruck für weiterhin positive Rahmenbedingungen für die Unternehmensgewinne sorgen. Bei aller Freude über dieses anlegerfreundliche Umfeld lässt Tilmann Galler, Kapitalmarktstratege bei J.P. Morgan Asset Management in Frankfurt, aber auch mögliche Risiken nicht außer Acht: „Während sich die Eurozone erst in der mittleren Phase des Wirtschaftszyklus befindet, schließt bafy ym ahr etlodbwbammpze IFQ xvzrasrbo exc Sfqdwerafmqewwdd, vjm cz wbsfv sgkizgafbkp oqa cc xyyyb Lmepbyqygk bw sfi kpxkxdstrhiej Wihtshc lhkhqv yispaq. Peii xbqe tiw tellpwc tizsqw Tekbxocuozoqf znathz aqlhnpipj, swpvzk ntm Mknzswjys rh xtn zespzop Cugkkwri ep jcyph Agwqg rlv Wzuvdkyvdrl mfu Igxtya pztduh“, ymgyotmum cal Ydttijge.
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