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Part 2 of 2

Matthew McLennan will assess the investment climate in international markets and tell us where he is finding world-class companies selling at substantial discounts to their U.S. peers.

The global economic outlook for 2023 is uncertain with the World Bank cutting its growth forecast to 1.7% from 3% and stating the "global economy is perilously close to a recession". The International Monetary Fund slightly raised its growth estimate to 2.9% due to China\'s reopening and slowing inflation. Central banks, especially in developed countries, are tightening to fight inflation, which may hinder future growth. The European Central Bank and the Fed have both raised short-term rates and signaled more increases in the future. A recent survey of 1200 CEOs shows 98% expect a global recession, with more than half fearing a recession worse than the 2008 financial crisis.

In Part 1, we discussed the risks and opportunities in the U.S. markets with McLennan.

WEALTHTRACK episode 1932 broadcast on February 03, 2023

More Info: https://wealthtrack.com/world-class-international-companies-selling-at-substantial-discounts-to-their-us-peers/

Listen to Part 1: https://wealthtrack.com/leading-global-value-manager-matt-mcclennan-on-companies-that-thrive-despite