FORINSTITUTIONAL/WHOLESALE/PROFESSIONALCLIENTSANDQUALIFIEDINVESTORSONLY–NOTFORRETAILUSEORDISTRIBUTION27thannualedition2023Long-TermCapitalMarketAssumptionsTime-testedprojectionstobuildstrongerportfoliosJ.P.MorganAssetManagement3ForewordBynearlyanymeasure,theearly2020shavebeenaperiodofextraordinarychallenge.Theworstpandemicinoveracenturytriggeredashortbutsevererecessionandenduringsupplydisruptions.Agenerousfiscalresponse,facilitatedbyunusuallyeasymonetarypolicy,fueledthehighestlevelsofinflationsincetheearly1980s.Russia’sbrutalinvasionofUkrainecreatedadevastatinghumanitariancrisisandfurthersupplydisruptionsandinflation.Centralbanks,ledbytheFederalReserve,...
发表评论取消回复