Credit Suisse – Does Growth Matter for Equity Returns?

In their 2002 investment classic “Triumph of the Optimists”, Dimson, Marsh and Staunton from the London Business School presented  a controversial finding- that stock market returns are not correlated with past economic growth. In the most recent Credit Suisse handbook (https://www.credit-suisse.com/ch/fr/news-and-expertise/research/credit-suisse-research-institute/publications.html )they examine this  vexing  issue  further and draw some  intriguing  conclusions which support the above basic premise but also negate  the notion that economic growth does not matter for stock market returns.

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