By the end of the year, headline inflation is likely to outpace wage growth for the first time in four years, causing slower consumption; therefore clients are positioned more defensively in consumer staples and health care, which tend to do well in a slowing economy.
By the end of the year, headline inflation is likely to outpace wage growth for the first time in four years, causing slower consumption; therefore clients are positioned more defensively in consumer staples and health care, which tend to do well in a slowing economy.