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US-China trade war escalating

and triggering (another) correction in the share markets...

Key points

  • The trade war between the US and China is escalating, posing a rising threat to global growth.
  • Although we remain of the view that a deal will be reached, the risk has increased.

2019 in review, outlook for 2020

Key points

  • 2019 saw growth slow, recession fears increase and the US trade wars ramp up, but solid investment returns as monetary policy eased, bond yields fell and demand for unlisted assets remained strong.

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