JP Morgan Asset Management case study

Long-Term Capital Market Return Assumptions: Estimates and the thinking behind the numbers

Published by : JP Morgan Asset Management

Welcome to a world of deleveraging, debasement and default. The next 15 years to 2026 are likely to be even more difficult to navigate for policymakers and investors than the previous 15 years. We expect the global economy to experience shorter, choppier business cycles as OECD economies seek to resolve their debt problems, both at the public and private sector levels. Having experienced just two mild recessions between the early 1980s and the most recent downturn, it is indeed possible that up to three recessions could be in store over the next decade. We have therefore revised our growth expectations lower.


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Published:11 February 2014

Business Area: Europe

Type: Portable Document Format (.pdf)

Rating: 1 people found this useful


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