QMA’s Asset Allocation Team provides their economic and investment outlook for the third quarter. The June 23 Brexit vote in the UK delivered a shock to capital markets and increased downside risks to the global economy. While this may cause a U.K. recession, QMA believes it is unlikely to result in a global downturn. The Eurozone economy will likely suffer some economic contagion, but should avoid recession given the reasonable momentum it had before the referendum. The U.S. should be well-insulated from the economic impact of Brexit, but some slowing could occur if the U.S. dollar were to appreciate measurably.
01 July 2016
QMA Q3 2016 Outlook and Review
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