Older workers support equity markets

David Buckle | Fidelity International | 28 June 2019

Since the Global Financial Crisis, the global equity market has not directly been driven by economic growth but rather by the level of interest rates. And, with many of the world's central banks setting interest rates to target inflation, interest rates won't rise unless inflation rises, through any other means than wages growth. Any other form of inflation rise would be a tax on the consumer.

In developed markets around the...