Recherche
S'identifier

Mensuel de novembre 2022 - Fonds d’investissement

go back Retour << Article précédent     Article suivant >>


Deglobalisation leading to increased economic risks
By Norman VILLAMIN, CIO Wealth Management Head of Asset Allocation, Union Bancaire Privée (UBP)   The dawn of the 21st century saw China join the World Trade Organization and Western economies suffer another dose of deflation. This deflationary shock not only brought inflation steadily lower but also dragged down interest rates right around the world as China’s low-cost manufacturing matched the low-cost raw materials that had entered the global economy a decade earlier in the wake of the collapse of the Soviet Union and Russia’s entrance onto the world stage as its pre-eminent commodity exporter.   The Trump trade wars of 2017/18 began to upset this balance, as the reliability of the United States as the primary customer of the world’s...
Cette page n'est accessible qu'aux abonnés payants.
Veuillez vous identifier si vous êtes abonnés à la consultation de nos archives.
Nous vous invitons à souscrire un abonnement, ou à prendre contact avec nous.

This page is only accessible to paying subscribers.
Please identify yourself if you have subscribed to the consultation of our archives.
We invite you to take out a subscription, or to contact us.
Ces entreprises nous font bénéficier de  leur expertise en collaborant avec Agefi Luxembourg.

These companies give us the benefit of their expertise by collaborating with Agefi Luxembourg.
Square management
Mazars.lu
VP Bank
Bearingpoint
Fi&FO
ETHENEA
Zeb Consulting
Generali Investements LU
Lamboley Executive Search
J. P. Morgan
Linklaters
Paragon
SOCIETE GENERALE Securities Services
Stibbe
DLA PIPER
AXA IM Luxembourg
Sia Partners
Allen & Overy
MIMCO Capital
Comarch
Lpea.lu
NautaDutilh
Loyens & Loeff
Castegnaro
Ernst&Young