Investor Account Access
Investor access to Shareowner accounts and Closed End Funds accounts.
We believe the lagging effects of Central Bank tightening in the real economy will lead to a further deceleration in growth characterized by a mild US recession, anemic growth in Europe and more resilience in emerging markets.
Evidence from past episodes of high US inflation suggests it will take about two years to bring core inflation down by half from its peak level. We believe that the US Federal Reserve and European Central Bank rates are close to their cyclical peaks and do not expect any cuts for the remainder of 2023.
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Vincent Mortier |
Monica Defend |
Ken Taubes |
Jonathan Duensing |
Marco Pirondini |
Three elements remain crucial for developed markets: central banks, energy and growth. In the US, we expect a recession to come into play later in the third quarter, with the bulk in the fourth quarter, driven primarily by tightening lending conditions.
-Monica Defend; Head of the Amundi Institute
Market uncertainties and a narrow path to growth lead us to recommend a cautious start for H2. Join Vincent Mortier, Group Chief Investment Officer and Monica Defend, Head of the Amundi Institute, as they expand on these themes in Amundi’s Mid-Year Outlook.
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