Servicing the global economy

Read about global markets and trends in this monthly Investment Outlook.

Investment Outlook WEB 1920X1080 September 23
Published: 07 Sept 2023 Updated: 07 Sept 2023
Savings and investments IFAs

This monthly commentary gives a roundup of global markets and trends.

In this edition:

  • The global economy continues to show resilience despite rising interest rates, with the service sector holding up.
  • Covid-era “excess” household savings and solid labour markets have helped to sustain consumption and growth.
  • The service sector may have further to run: US spending on services has only now recovered from pandemic lows, suggesting there is pent-up demand.
  • Manufacturing, however, remains weak, though improving economic activity may provide a boost

The value of an investment may go down as well as up and you may get back less than you originally invested.