Original article by David Rogers
The Australian – Page: 21 & 30 : 22-Mar-19
The S&P/ASX 200 has gained 9.2 per cent so far in 2019, putting it on track for the best quarterly return since 2009. The rebound follows a loss of 6.9 per cent for the benchmark index in calendar 2018, including a nine per cent loss in the fourth quarter. However, Chris Nicol of Morgan Stanley is bearish about the outlook for the local bourse, forecasting that the S&P/ASX 200 will end the year at 5,800 points. He also forecasts economic growth of just two per cent in 2019.
STANDARD AND POOR’S ASX 200 INDEX, MORGAN STANLEY AUSTRALIA LIMITED, MSCI ALL COUNTRY WORLD INDEX, SUPERRATINGS PTY LTD, UNITED STATES. FEDERAL RESERVE BOARD, RESERVE BANK OF AUSTRALIA