Weekly Market Recap The International Monetary Fund (IMF) updated their World Economic Outlook this week, estimating global growth at 3.1% for 2016 and 3.4% for 2017, broadly in line with July's estimates. Recent positives for these global figures came from reduced concerns about Chinese growth and firmer commodity prices. Recent negatives were the potential impact of Brexit and somewhat slower US growth than previously forecast. The IMF Outlook reinforces the value of an internationally diversified portfolio in our view. In aggregate, the IMF expects emerging markets to grow at a faster rate than advanced economies in both 2016 and 2017. Emerging economies are seen growing at over a 4% aggregate rate, while the projected aggregate growth rate for advanced economies is expected to be below 2% for both this year and next. With major economies growing at different rates and being at different points in their economic cycles, we believe international diversification can smooth returns. Notes:
IMF World Economic Outlook: http://www.imf.org/external/pubs/ft/weo/2016/02/index.htm?cmpid=Obanner Disclaimer:
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