Investment Outlook: Finding ways out of a barren landscape
The economic situation has deteriorated further since the summer. We are heading into a clear slowdown, perhaps best described as a mild recession. We expect genuine weakness in 2023 as a whole, but we believe that 2024 will show a clear improvement in economic growth. Falling growth and rising inflation have had a severe impact on stock and fixed income markets. But depressed risk appetite, more palatable valuation levels and a light on the economic horizon will help us to achieve a balanced picture of the appropriate risk level in our portfolios, despite potential hazards. “We believe
At the moment, operators across Europe are frantically trying to find ways to reduce their dependence on fossil fuels and raw materials, and alternative raw materials are being sought in every sector. Again this summer, record-high temperatures hit various parts of Europe, reminding us of the existence of climate change and making the need to reduce carbon emissions even more pressing. In the post-pandemic world, it has become evident that the availability of goods is not a given and that reliable supply chains play an even more significant role in ensuring operational reliability.There has