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CIO Update by Lars Kalbreier

Economic momentum starts to slow

Economic momentum, especially in Europe, has started to slow while geopolitical risks have also sparked some market concerns. Our assessment for economic growth and global markets remains constructive. In addition, we face the long-term challenge of feeding a growing world population, and Smart farming could be the solution to make today's agriculture more efficient by using new technologies.

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Volatility Returns

Spooked by a sudden rise in US wage inflation, financial markets sold-off in February. Global growth remains intact however and the current earnings season shows that companies are beginning to invest in future growth. The goldilocks scenario lives on, for now.

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