The covid pandemic and the war in Ukraine are profoundly influencing the economic and financial context, but these two events will not lead to a new world, estimates Pictet’s asset management division, which presented its five-year forecasts on Tuesday. Inflation and global growth will return to their level before 2008, even if the first will remain high and decline gradually, believe the specialists of the banking group. For them, the main change that will mark the near future will be a prolonged decline in the dollar, which will penalize US equities but benefit emerging countries. In a context in which investors will have to lower their performance expectations.
The fall of the dollar will dictate investments in the next five years
