JPMorgan’s Long-Term Market Assumptions

The video discusses the global growth outlook post-pandemic, focusing on long-term growth assumptions using supply-side factors like labor growth, productivity, and capital investment. It highlights the unchanged growth forecasts despite stress testing and notes modest changes in inflation expectations. The discussion shifts to the potential 'fiscal decade' with increased coordination between fiscal and monetary policies, particularly in Europe, and the implications of higher indebtedness over the next 10 to 15 years.

What are the key drivers of long-term growth according to the first section?

• Environmental sustainability and innovation

• Technological advancements and market trends

• Labor growth, productivity, and capital investment

• Consumer spending and government policies

In the context of inflation, what is the significance of a more coordinated fiscal and monetary policy?

• It guarantees stable economic growth

• It reduces the risk of economic downturns

• It eliminates the need for monetary interventions

• It increases the risk premium for higher inflation outcomes

What is necessary for a sustained move towards value in the market?

• Stable currency exchange rates

• Lower interest rates

• Higher inflation expectations and realized inflation

• Increased government spending

What is the main challenge in delivering a fiscal impulse in democratic environments?

• Political complexities and past difficulties

• Lack of public support

• Over-reliance on monetary policy

• Insufficient economic resources

What is the expected trend regarding indebtedness over the next 10 to 15 years?

• Decreasing public and private debt

• Stable levels of indebtedness

• Higher indebtedness and fiscal spending

• Complete elimination of public debt