ECONOMIC AND INVESTMENT OUTLOOK 2017

01/12/2016

ECONOMIC AND INVESTMENT OUTLOOK 2017

Economic Outlook 2

01/12/2016 Economic Outlook 3

REAGANOMICS VERSUS TRUMPONOMICS

01/12/2016

Economic Outlook 4

DONALD

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Economic Outlook 5

DONALD

01/12/2016 Economic Outlook 6

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DONALD

01/12/2016 Economic Outlook 7

POLITICAL UNCERTAINTY IN EUROPE

01/12/2016 Economic Outlook 8

GLOBALIZATION WAVES

01/12/2016 Economic Outlook 9

CONFLICT IS A SIGN OF THE TIMES

01/12/2016 Economic Outlook 10

STRANGE MARKET MOVES AND TRUMP RALLY

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GOVERNMENT RATES

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EXPENSIVE (US) MARKETS

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A STRONGER USD?

01/12/2016 Economic Outlook 14

WHERE TO INVEST IN A DOW(NALD) JONES MARKET?

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WHERE TO INVEST EXPECTED BOND YIELD INCREASE?

01/12/2016 Economic Outlook 16

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WHERE WILL RATES GO?

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ANOTHER FOOTBALL FIELD PLEASE…

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THE LIFE CYCLE HYPOTHESIS IN PRACTICE

01/12/2016 Economic Outlook 22

DISSAVERS INCREASING IN EU & US

01/12/2016 Economic Outlook 23

01/12/2016 Economic Outlook 24

WHAT ABOUT BELGIUM?

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Economic Outlook 25

ARE WE TURNING JAPANESE?

01/12/2016 Economic Outlook 26

EXTENDING CAREERS WILL POSTPONE DISSAVING

01/12/2016 Economic Outlook 27

BELGIUM: BAD STARTING POINT, SLOW STARTER

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WHAT ABOUT BELGIAN RATES?

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WHERE TO INVEST IN BELGIAN MARKET?

01/12/2016 Economic Outlook 30

WHERE TO INVEST IN BELGIAN ASSETS ONLY?

01/12/2016 Economic Outlook 31

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REAL ESTATE MARKET: EXPLODING…

01/12/2016 Economic Outlook 33

…BUT LIMITED SUPPLY SERVES AS FLOOR

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... CREDIT GROWS

01/12/2016 Economic Outlook 35

DOMESTIC BANKS KEEP RUNNING HOT

01/12/2016 Economic Outlook 36

CHINA: A SUSTAINABLE GROWTH PATH?

01/12/2016 Economic Outlook 37

MAYBE, BUT IMBALANCES INCREASE

01/12/2016 Economic Outlook 38

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TIME TO BUY (THE NEW) CHINA?

Economic Outlook 39

CHINA, GOOD NEWS AND THE YUAN

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OLD VERSUS NEW CHINA

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COMMODITY TIME?

Economic Outlook 42

TOWARDS MARKET EQUILIBRIUM?

01/12/2016 Economic Outlook 43

GOLD PLAYS ITS ROLE

01/12/2016 Economic Outlook 44

WHERE TO INVEST IN EMERGING ASSETS ONLY?

01/12/2016 Economic Outlook 45

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BLACK SWANS FOR 201

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CONCLUSIONS

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OUR OUTLOOK

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WHERE TO INVEST IN 2017

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THANK YOU ASK QUESTIONS GET ANSWERS

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01/12/2016

01/12/2016

KOEN DE LEUS

Chief Economist

02/312.78.38

koen.deleus@bnpparibasfortis.com

Twitter @KoenDeLeus

PHILIPPE GIJSELS

Chief Strategy Officer

02/565.16.37

philippe.gijsels@bnpparibasfortis.com

Twitter @pgijsels

https://blogs.bnpparibasfortis.com/PhilippeGijsels

ECONOMIC AND INVESTMENT OUTLOOK 2017 #BNPPFoutlook

Economic Outlook 52

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DISCLAIMER

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