What comes next? Five scenarios for the near future

Lenin is supposed to have said that there are decades in which nothing happens and then weeks in which decades happen. Now, this quote was probably misattributed to Lenin, and there is much to suggest that he never said it that way. Nevertheless, there is a lot of truth in this quote, whereby the impression is that the world is currently experiencing precisely the weeks in which decades happen. In any case, the geopolitical situation has changed permanently and a turnaround is being heralded on the financial markets by a more restrictive monetary policy. Macroeconomic, the spectre of stagflation is looming - another issue that the global economy has not faced for decades.

We show which opportunities and risks will arise in the future on the basis of five scenarios.