Outlook 2020

P&I turns to the experts for their views on what to expect in 2020.

Global outlook: Analysts say recession is unlikely in 2020, but the decent returns on tap from risk assets will pale beside 2019's rate-cut-driven gains.

Washington outlook: 2020 is shaping up to be a busy year in Washington as focus turns to the second phase of retirement security legislation.

Europe outlook: While they expect to avoid a risk of recession, European money managers and investors will not be free from other risks in 2020.

Asia outlook: Asset managers in the Asia-Pacific region will face continued pressure to cut costs in 2020 even as they ramp up operations in China.

U.S. outlook: In 2020, firms will increasingly look for ways to invest in technology to improve business efficiency and client services efforts.

Hedge funds outlook: Hedge fund managers foresee more volatility and more investment opportunities in 2020.

Real estate outlook: Real estate could offer protection against economic dips, despite expectations of lower returns in 2020.

Defined contribution outlook: Some DC sponsors are tackling financial wellness by linking retirement plans to paying off student loans or creating emergency savings.

Retirement planning advisory firms outlook: Acquisitions of retirement plan advisory firms are expected to accelerate as they look for operational scale.