3.2 percent from the previous forecast of 3.3 percent due mainly to an anticipated slowdown in developing countries and emerging economies, in particular, China, India and ASEAN. The Federal Reserve and
if the global trade rift does not significantly intensify. While the Federal Reserve is expected to hike its policy rate, chances are high that the European Central Bank and the Bank of Japan may opt
protection and reciprocal retaliation between the United States of America and the People’s Republic of China along with an increase in federal funds rate, which negatively affect trading-partner economies
following the policy rate increase by the US Federal Reserve, may see an economic slowdown during this quarter. Aside from their fragile economic fundamentals, these countries were vulnerable to capital
average fuel prices are likely to be higher than the level seen in the previous year. This trend may affect monetary policy maneuvering of central banks around the globe. The Federal Reserve is expected to
forward- looking statements within the meaning of the federal securities laws, specifically Section 21E of the Securities Exchange Act of 1934, as amended. PSG, the Fund's investment advisor, has
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