The attached note provides a summary of key insights and views on the investment outlook for 2020 in simple point form.

The key points are as follows:

  • Despite ongoing bouts of volatility, 2020 is likely to provide solid investment returns, albeit slower than seen in 2019.
  • Recession remains unlikely (it’s a bigger risk in Australia) & so too is a long deep bear market in shares.
  • Watch US trade wars, the US election, the US/Iran conflict, global business conditions indicators, and monetary versus fiscal stimulus in Australia.

Download full report