Investors should watch out for an impending recovery in global auto sales that will steal the limelight from the semiconductor industry and give some comfort to those expecting the global economy to kick up in 2020.
That’s an observation from Junichi Makino, an economist at the brokerage arm of Japan’s second-biggest bank, who expects autos to soon exit the doldrums that characterized the industry last year. Cheaper financing costs for U.S. car loans and recoveries in other major markets will lift demand, Makino said.
