Our macroeconomic scenario for 2023
Our Portfolio Advisor Kevin Thozet talks to our Chief Economist Raphaël Gallardo about his global scenario for the coming quarters - a world economy marked by a sharp desynchronisation of regional blocs - and why he thinks we are entering a structurally more inflationary environment.
“We have entered into a world with negative supply-side shocks that are structural. This reflects a new geoeconomic order we have entered with the pandemic and the war in Ukraine.”
- Raphaël Gallardo, Chief Economist
* A Goldilocks economy is warm enough with steady economic growth to prevent a recession; however, growth is not so hot as to push it into an inflationary status.