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DWS Expects 2 More US Rate Cuts; CN Econ Growth Seen at 4.7% This Yr
2026-06-24 16:30:43 Ivy Ng, Chief Investment Officer for Asia Pacific at DWS, said the firm estimated the US economy to grow 3.2% this year and 2.3% next year, with AI potentially serving as a key contributor to US economic growth. Ng expected the US to cut interest rates twice before May next year, with the federal funds target range likely falling to between 3% and 3.25%. She explained that the Federal Reserve mainly focuses on inflation expectations and the unemployment rate. Meanwhile, the market is concerned about whether AI will replace part of the labor force, reducing potential job vacancies. Regarding the development of AI-related stocks, she believed no bubble burst will occur over the next 12 months, while underscoring continued monitoring of multiple indicators, including valuation multiples, corporate earnings and balance sheets. For China, DWS’s base-case forecast projected economic growth of 4.7% this year and about 4.4% next year. China’s growth continues to be driven by exports as its main engine. ~ AASTOCKS Financial News Website: www.aastocks.com | |