There is strong evidence that economic and earnings growth have improved and will likely continue to support a healthy investment climate in 2H2021, say experts from UOB Asset Management (UOBAM).

However, this is a unique period as the global economy is in a state of transition, moving from the initial rebound from the pandemic lows of 2020, which was buoyed by strong stimulus policies, to a new phase of momentum-driven expansion.

“Our view is the global economy will transition well and the expansionary cycle will continue for several more years. However, markets may meanwhile struggle to find their new footing and sweet spots during the adjustment from the initial bursts of recovery to a more normalised and organic expansion mode,” says UOBAM.

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