This Global Strategist Sees Mild Recession—Then Big Opportunity for Investors


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Principal Asset Management chief global strategist Shah sat down with Barron’s at the 2023 Milken Conference.

Recession forecasts keep getting pushed further and further down the road. Economic indicators, including the labor market, continue to defy expectations. Unpredictable geopolitical conditions, like the Ukraine war and China’s re-emergence from lockdown are thick on the ground. In short: it’s an all but impossible time to predict the path of the economy.