OUTLOOK FOR 2018

OBSERVATIONS | DECEMBER 2017

2017 has turned out to be a very good year for investors—especially those invested in offshore markets. We see a similarly positive outlook for markets in 2018, with risks skewed to the upside and the thesis of synchronised global growth intact.


We began 2017 with a positive outlook as the global economic recovery gathered pace and a picture of synchronised global growth began to emerge. Although this view was balanced by several possible risk events (namely a fragile political landscape in the US and Europe, and the anticipation of central banks reducing monetary policy support), these risks passed without event.

Looking ahead, we see a similarly positive outlook for global markets, with risks skewed to the upside and the thesis of synchronised global growth intact.