Uncertainty equals persistent volatility in global markets, says SLI’s Milligan
Andrew Milligan, head of Global Strategy at Standard Life Investments, says in a new note that continued political uncertainty coupled with ongoing structural changes mean markets are likely to remain volatile.
In its Global Perspective note, SLI points to a number of structural changes. For example, US one-family homes. The building of these has jumped 20% on an annualised basis, but housing overall is now a far smaller part of the US economy than before the financial crisis began.
In the UK, the jobless rate remains stuck at around 8%. Yet this masks underlying changes which has seen some growth in private sector employment over the past year take up some of the slack created by the decline in public sector jobs.
And trying to correctly calculate the rate of economic growth in China has taken on further twists and turns.
Click here to read the full note: Global Perspective