Pictet AM warns of recession within two years and backs web3.0

clock • 2 min read
Pictet AM warns of recession within two years and backs web3.0

Myriad factors point to a recession within two years but web3.0, NFTs and blockchain will "reconfigure the investment landscape", according to Pictet Asset Management. Writing in its secular outlook, chief strategist at Pictet AM Luca Paolini warned that falling equity returns as a result of the global economy's expansionary phase approaching its end, tighter financial conditions, a peak in US jobs growth and larger output gaps "all point to a recession within the next two years". Bond ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login