Vacatures in Institutioneel Vermogensbeheer

How to not waste a crisis

Bron: Serdar Kucukakin, Aegon Asset Management - 20 september 2021

It is that time of the year again: economists are publishing their views and forecasts for next year. I have already seen the first ones in my inbox. I always enjoy reading these reports, especially those that do not fit my own views, because they force me to question them.

I don’t have an outspoken view on 2022, but I'll share my considerations with you. Let me start by doing what I also think I should do as we almost enter the final quarter: accounting for the views to date. I have shared my views four times with my readers. In my first column in February “Economic developments and the letters of the alphabet” I argued that for me the term ‘economic recovery’ has a different connotation from the one commonly used. To me, it means the start of a healing process, which  I believed only was possible after the introduction of a Covid-19 vaccine. I think that we currently are in the middle of that process in the western world. On average, financial markets were even looking for rather plain sailing after vaccines were introduced. So far this did not happen and the Delta variant is causing new headaches.

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