Feb 17, 2023
It has been a long string of surprises over the last year. The Fed was surprised inflation wasn’t transitory. Investors were surprised to see the fastest rate hikes since the 1980s. Economists are now surprised we aren’t in a recession.
Yet, in our view, the biggest surprise continues to be the resilience of the global economy – despite higher interest rates, economic growth has continued to chug along.
Where to from here? Our investment team continues to believe that this is a very different environment from the 2010s, when the market consistently over-estimated growth and inflation. The 2020s will be exactly the opposite: markets will now consistently underestimate growth and inflation.
In this episode Rob Duncan sits down with Forstrong CIO, Tyler Mordy, to discuss economic resiliency, opportunities in commodity exporting Emerging Markets and the growth boom now starting to unfold in Asia-Pacific.