February 2022 | The remainder of 2022 will likely test the effectiveness of the policies deployed since the peak of the pandemic; fiscal and monetary policies are set to tighten up at a time when the growth/inflation mix is becoming more challenging and there is less room for policy flexibility. Fundamentals will be key to disentangling divergent trends in a year that started on a much weaker footing than many expected.
01 | Featured Topic: Developed markets will face the challenge of retuning to normality. Fiscal and monetary policies will tighten as the growth/inflation mix is becoming more challenging. Fundamentals will be key to disentangling divergent trends.
02 | Thematic:Real interest rates in the US and Europe have reached negative levels that are unprecedented in recent history. The journey back to zero could be a key driver of cross-asset relative returns and volatility.
03 | Global Research:While some impacts of Omicron look similar across countries, policy reaction has not been uniform, leading to regional disparities.
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