Investing
KKR’s McVey Boosts Economic Outlook, Recommends Investors Buy Real Assets
- KKR’s McVey expects US GDP to ‘surprise to the upside’ at 2.4%
- Firm sees real estate, infrastructure offering strong returns
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Investors should boost their exposure to real assets as US economic growth will be stronger than expected this year while inflation remains elevated in 2024, according to KKR & Co.’s Henry McVey.
US real GDP growth will “surprise to the upside” at 2.4% in 2023, outpacing the 2% consensus of economists in an August survey, McVey, chief investment officer of KKR’s $28 billion balance sheet, wrote in a report that he co-authored with Racim Allouani and Drew Golicz.