Slowing global economic growth during the past two years frames a key question for investors: How is global growth likely to perform over the next decade?

This paper focuses on two clear—and we believe predictable—trends that will likely shape economic performance:

1. Global demographics are poised to become less supportive, and
2. Economic growth in China is likely to moderate further.

The bottom line? Investors need to prepare for the likelihood that overall global growth will be on a decelerating trajectory, to be accompanied by sustained low inflation, stimulative central banks, low longer-term interest rates, and declining spreads and asset returns.

Read the full paper.