Asian stocks to continue providing good value in tough year ahead: T Rowe Price

SINGAPORE (Nov 22): Global growth is expected to moderate as stimulus tailwinds weaken and output gaps close but tactical opportunities can still be identified in unfavoured assets and emerging markets, says T Rowe Price Group Inc in its outlook for 2019.

The global investment manager with US$1.01 trillion ($1.4 trillion) in assets under management expects global growth to slow a bit in 2019, although fiscal stimulus will still provide a tailwind.

“History suggests that we will see another 175 basis points of rate hikes, and Fed tightening cycles should lift the real Fed funds rate at least to potential real GDP growth. In terms of risk, we see that the yield curve is flattening, but this does not mean recession is imminent,” says Alan Levenson, chief US economist at T Rowe Price.

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