Reflation is…

Reflation, or a return to economic growth, brings many new investment opportunities but may also create challenges for portfolios, particularly income generating assets. But if you can get your reaction right, not only can you protect your portfolio but you can also benefit by allocating to assets that will outperform in this new environment.

Reflation is a global return to growth…

Real GDP Growth, %

Real GDP Growth

Source: IMF, World Economic Outlook, April 2017
For illustrative purpose only. There is no guarantee that any forecasts made will come to pass.

…and businesses feel confident it will continue

OECD Business Confidence Index, Jan 2015-March 2017

OECD Business Confidence Index

Source: OECD, as of June 2017