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Inflation: The short return of an (almost) forgotten specter
Although there is a possibility of serious risks, we expect the global economic picture to be encouraging. Learn which points continue to confirm our Investment Outlook 2021 and which risks we are keeping an eye on.
How we are strategically positioned: The monthly CIO Update analyzes the current market environment and reveals the background. It is presented by Frank Häusler, our Chief Strategist, and Sandrine Perret, Senior Economist.
An encouraging global economic picture is expected. Existing lockdowns will cause some slowdowns, but a strong decline in Corona infections should provide a boost to the economy in the near future.
Thus, we continue to adhere to the “boarding” baseline scenario from our Investment Outlook 2021.
We expect expansionary monetary and fiscal policy to remain with us over the coming months. Although there is currently an increase in inflation indicators, this is only a temporary phenomenon.
Despite a positive economic scenario, we take the potential risks and their consequences seriously:
Thematic investments are suitable for building on an already diversified portfolio. On the other hand, they are less suitable for starting diversification. Our experts explain why.