Global Growth and Equity Returns
Abstract
Global economic growth and long-term growth forecasts are trending lower. Slower labour force growth, public debt overhang and declining productivity growth have been put forward as possible explanations. In this note, we explore the relationship between global economic growth and equity returns, and assess whether slower economic growth and lower long-term growth forecasts have any implications for future expected global equity returns.
Publisher
Norges Bank Investment ManagementSeries
Discussion note;3/2016Diskusjonsnotat;3/2016