Outlook for Investment Markets
Investment markets remain skittish. Bond yields are still very low, with little immediate prospect of increases. New Zealand listed property trusts are in good shape, although the outlook is less healthy for their overseas counterparts. The prospects for the Kiwi economy and sharemarket are looking more positive, while Australia powers on. But while consensus forecasts are for low to modest growth in the developed economies and robust growth in the developing world, the risks to this scenario - and therefore to the returns from international shares - remain high.
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