The Chicago-based firm Calamos Investments released its July Economic Outlook Report on Monday.
In an environment characterized by slow growth but a low probability of near-term recession, the case remains strong for U.S. companies to grow, according to Greek-American businessman and philanthropist John P. Calamos, Sr. The investment specialist is the founder, chairman and chief investment officer of Calamos Investments.
However, according to Calamos, the economic conditions outside the United States have been more tepid, as trade issues between the US and China have had a negative effect on global business.
”Reflecting our outlook that volatility will rise as the economy continues through its cycle, we believe investors will be served by strategies that provide risk-managed equity exposure, such as convertible securities,” the finance expert noted in the July report.
The Outlook predicts that GDP growth in the US will remain healthy and stable.
Global growth is more concerning, but benign inflation, accommodative monetary policy and a weaker dollar continue to support the case for subdued expansion, Calamos notes.
The full financial outlook from Calamos Investments can be found here.
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