Infrastructure spend could help push growth despite bleak outlook

'One of the things that will drive the background music is inflation'

Hope Coumbe
clock • 1 min read

More investment in infrastructure could be the key to pushing through bleak growth prospects over the next decade, according to Liberum.

Speaking at the Professional Adviser Management Retreat today (15 May), investment strategist Joachim Klement said economic growth would be hard to come by in the next five, ten or even 20 years. "I am bullish on equities at the moment and very bullish on infrastructure and alternatives," he told delegates. Klement added that there is lack of public and private infrastructure which could help with productivity growth, however. "There is a lot of investment opportunity out there," he said. "Reducing investment in infrastructure is holding us back – this is a key thing we need to add...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

UK funds hit by £31.5bn in outflows so far in 2024

UK funds hit by £31.5bn in outflows so far in 2024

Passive UK-domiciled index funds gathered more than £14bn year-to-date

Giovanni Cafaro
clock 26 November 2024 • 3 min read
Lessons from the titans of Spanish football: Taking a long-term view on Europe

Lessons from the titans of Spanish football: Taking a long-term view on Europe

Lessons for investors from Real Madrid and Barcelona

David Walton
clock 25 November 2024 • 4 min read
Advisers have opportunity to deepen private market engagement

Advisers have opportunity to deepen private market engagement

Most client allocations to private markets are either 5%-10% or 1%-5%

Isabel Baxter
clock 18 November 2024 • 2 min read