Investment Outlook: Sustained momentum despite headwinds
We are approaching the end of 2021, which we can summarise as a year of strong recovery. The adaptability of the corporate sector has been impressive, since it has successfully dealt with many troublesome bottlenecks and disruptions and has still delivered profits well above the forecasts made early in the year. This, in turn, has resulted in very strong gains in the world’s stock markets.The outlook for 2022 is less clear. It is important to reduce bottlenecks and ensure that today’s high inflation rate will fall, so that central banks do not have to step in and slam the brakes on