Economic Situation & strategy
January 7, 2022

Outlook 2022 (V): Summary and Asset Allocation

In the past weeks we have ventured to look ahead to the year 2022. We examined the economic outlook and asked ourselves what the future holds for inflation. How will monetary policy react and what does this mean for the stock and bond markets as well as for exchange rates? Today we summarise our core statements once again - no easy task, because an outlook for the new year always suggests a certain degree of certainty, which by definition cannot exist on the capital markets. After all, no one knows the future, and the past shows time and again that many things may happen that one did not expect. Nevertheless, plausible considerations can and must be made in order to be able to prepare for the possible challenges of 2022.