As the year begins, all eyes are on inflation. The last few months have shown this to be more enduring than was envisaged a year ago. Will it slow as much as the central banks hope in 2022? If this is not the case, they will need to accelerate their monetary tightening and potentially push the economy into recession. Given the time lag with which central bank policies take effect and their current extremely accommodative level, this negative impact could take time to materialise. In this context, what strategy should be adopted in terms of asset allocation?
Discover the analysis of Julien-Pierre Nouen, Head of Economic Research & Mutli Assets Investment at Lazard Frères Gestion.
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See also: https://latribune.lazardfreresgestion.fr/en/economic-outlook-s1-2022/
The opinion expressed above is dated January 2022 and is liable to change. Latest available data as of publication date.
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