{"id":8421,"date":"2018-10-05T14:45:32","date_gmt":"2018-10-05T13:45:32","guid":{"rendered":"https:\/\/lazardfreresgestion-tribune.fr\/?p=8421"},"modified":"2019-07-22T10:52:47","modified_gmt":"2019-07-22T09:52:47","slug":"economic-and-financial-outlook-2nd-semester-2018","status":"publish","type":"post","link":"https:\/\/latribune.lazardfreresgestion.fr\/en\/economic-and-financial-outlook-2nd-semester-2018\/","title":{"rendered":"Economic and financial outlook &#8211; 2nd semester 2018"},"content":{"rendered":"<p>The economic backdrop remains conducive to corporate earnings growth and monetary policy normalisation. However, three risk factors tarnish the positive outlook: Italy, trade wars, and emerging markets. Indeed, questions over Italy\u2019s government finances are unlikely to be fully answered by the 2019 budget; President Trump has announced a fresh round of tariff increases; and the fragility of some emerging markets is giving rise to murmurings of contagion risk. As such, and despite healthy fundamentals, we are adopting a relatively neutral stance on financial markets in the short term.<\/p>\n<p><iframe loading=\"lazy\" title=\"Economic Outlook Second Semester 2018\" width=\"660\" height=\"371\" src=\"https:\/\/www.youtube.com\/embed\/ASEGLsLSjWM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Click <a href=\"https:\/\/latribune.lazardfreresgestion.fr\/?p=8425&amp;preview=true\">here<\/a> to read the rest of this article<\/p>\n<div class=\"entry-content\">\n<p><span style=\"color: #333333; font-family: 'Arial',sans-serif; font-size: 8pt;\">This document is not pre-contractual or contractual in nature. It is provided for information purposes. The analyses and descriptions contained in this document shall not be interpreted as being advice or recommendations on the part of Lazard Fr\u00e8res Gestion SAS. This document does not constitute an offer or invitation to purchase or sell, nor an encouragement to invest. This document is the intellectual property of Lazard Fr\u00e8res Gestion SAS.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The economic backdrop remains conducive to corporate earnings growth and monetary policy normalisation. However, three risk factors tarnish the positive&hellip; <\/p>\n","protected":false},"author":101016,"featured_media":8348,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[],"class_list":["post-8421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Economic and financial outlook - 2nd semester 2018 &#8211; Tribune Lazard Fr\u00e8res Gestion<\/title>\n<meta name=\"description\" content=\"The economic backdrop remains conducive to corporate earnings growth and monetary policy normalisation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latribune.lazardfreresgestion.fr\/en\/economic-and-financial-outlook-2nd-semester-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic and financial outlook - 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