Economic cycles typically last several years, not entire decades. But this one is different.
Not only is it already the longest on record - at ten years and counting - but, according to the latest Fidelity Analyst Survey, it is set to continue despite a decline in management confidence. With little sign of the usual late-cycle imbalances in services, even as manufacturing has languished in recession, can we even call it a cycle at all? After correctly predicting an end to synchronised growth in 2019 but no recession, our analysts believe the business environment will improve, but only slightly and at a slower pace. Schroders survey: 94% of investors concerned about Brexit ...
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