BEIJING, Dec. 7 (Xinhua) -- Growth rate of the global economy is expected to decline to 3.6 percent in 2019 from 3.8 percent in 2018, and the growth rate of corporate earnings will also slow down next year, xinhua-run www.cs.com.cn quoted the UBS report as saying on Friday.
The forecast report released on Thursday showed that the Chief Investment Office (CIO) of UBS Global Wealth Management (GWM) still has a positive attitude on global stock market in 2019.
However, the report warned that investors should pay much attention to the neglected fields, such as value stocks in the U.S. and emerging markets, global energy stocks, and financial stocks in U.S. and Chinese stock markets.
For Asian market, stocks of China's infrastructure construction and materials companies are likely to benefit from the authorities' policies of further stimulating the economic growth, said the report.
Besides, CIO predicted that Asian credit bonds will likely achieve a return of about 3 percent to 4 percent in 2019. (Edited by Ma Xin, maxin11@xinhua.org)
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