In their Outlook 2024, Royal London Asset Management's CIO and fund managers assess the challenges and opportunities in their respective asset classes over the next 12 months.
With inflation proving persistent rather than transitory, a cost-of-living crisis and a tight labour market, higher rates and financing costs will feed into slower growth or a recession. But with a backdrop of a relatively stable global economy, how much of a risk is this? With an environment of falling inflation and modest recession, the benefits or risk for equities or credit is not so clear cut and knowing your companies is key.
They analyse the areas of concern and potential growth within this environment.
