Economists from Royal London Asset Management, Schroders and F&C Asset Mangement are broadly in agreement that growth in the US, China and Japan will continue, albeit challenged, while there are expectations of a move on the dollar vs. renminb question.
The house view from RLAM , as expressed by chief economist Ian Kernohan is the “bears are wrong”. Despite rumblings of faster than previously expected interest rate rises in the US, RLAM sees continued recovery from the bubble-years of the late 1990s through “global rebalancing”. This change includes expectations of a revaluation of the renminb later this year. The issue has become a major political issue between China and the US because of the huge imbalance in visible trade between the two countries. Kernohan expects changes to growth drivers in China and Japan – the former will...
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