J.P. Morgan Asset Management’s (JPM) fourth annual Global Alternatives Outlook report discusses the current state of the economy and JPM’s perspectives on fundamental alternative investment classes, including PE, venture capital, private credit, real assets and real estate. This article highlights JPM’s views and predictions, with additional insights from David Lebovitz, global market strategist at JPM. For coverage of prior JPM reports, see “JPM Global Alternatives Outlook Promotes Alternatives As Essential for ‘Alpha, Income and Diversification’” (Apr. 20, 2021); and “JPM Report Identifies Opportunities for PE, Private Credit and Other Alternative Investments” (May 5, 2020).