December 14, 2018
Subject | 2019 Investment Outlook Series | Institutional | Invesco | Macro views
- Despite the soft patch in certain macro indicators, there is a broad expectation that most major regions may deliver solid earnings growth in 2019.
- We believe equity valuations remain vulnerable to higher bond yields and discount rates.
- Trade and geopolitical tensions are the primary threats to the growth outlook.
As 2018 draws to a close, strong US corporate cash flow has been well-supported by tax cuts and increasing fiscal spending. This may continue to underpin reasonably healthy capital expenditures and support economic growth and earnings delivery in the US — but the big question is, will growth pick up around the world?Comments Off on International growth equities: A supportive outlook for international earnings