By Krishna Memani, Chief Investment Officer, Portfolio Manager at OppenheimerFunds via Iris.xyz

Summary: 2019 will be about global economic convergence as the U.S. economy slows to a pace more in line with the rest of the world.

If 2017 was about synchronized global expansion and 2018 was about the divergence of United States growth and policy away from the rest of the world’s, then 2019 will likely be about convergence, as the U.S. slows to a pace more in line with the global expansion. This slowdown in U.S. growth, paradoxically, will be a positive development for equities globally.

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