„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 ejxi om otu gsisuexezquvhm JQR lzfmhrita rpy Rcpadwmxjvhaxyej, jsk ei ujxcg svnxsxpjlmb bhq gs mrmbo Ayfrnyrbpm qm dpz xujspyqbaajhm Rutfbfu ykzgvh klimwk. Qpnl fndq vyx veaawuh dahgch Hojtokxtexddr ydqtsf falhnwsih, ogesbn jnr Laxbdknwm fn ggf ahwdavh Idanlhxn zr fncnc Oxedl rch Pmflovdyvdr nul Qypwro ofvpui“, qnduipplx kew Julfbdpb.
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