Global Equities
The current U.S. economic growth cycle is now in its eighth year, sparking questions of whether the economy is in the late stages of expansion. Consumer spending, home prices and payroll employment continue to set new highs, while equity markets ascend to record levels. At 95 months, this is now the third-longest cycle on record and more than two years lengthier than the post–World War II average. However, growth has been anemic, with cumulative GDP expansion measuring 17%, below the historical 24% average. Nevertheless, there may still be room for the economy to grow, especially as consumers continue to spend and the labor market improves.
Past results are not predictive of results in future periods.
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Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.