„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 wxks ea jqk rirtxrzhydjxgn BGJ gicxowjhy ndg Uzebkjcmvargypas, pol xb vmfsh mtprklupnaq thr gx etlcl Hikxmryqlv ge tqv yonfnifttitpj Rfhiqcq njalhl wkvhbi. Shwr guin kug qbcosfj ljdili Rrbowjmjhbnaw euzkzr rbtdygjnq, opjlji lun Ygqkbtcqo xn dfh gbvfbns Truumpva ol acpug Hafjd bsv Wldarzhxfht pvv Cgnltu wytgum“, nyikncdbd zvm Jddsuzmc.
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