In this month's infographic, we raise our growth forecasts for 2020 but downgrade them for 2019 as we illustrate the near-term issues dragging on the economy.
Snapshot: Leading indicators suggest further weakness to come, but European risk assets are already priced for recession.
We discuss three themes that will shape market performance in the coming year, as well as four events that could take investors by surprise.
Since 1980 the yield curve has accurately predicted the last five US recessions. After nearly a decade of economic expansion, is it telling us that another one is on its way in 2019?