Yves Bonzon, Group Chief Investment Officer at Julius Baer, looks into the future trends
In association with
Highlights
Yves Bonzon, Group Chief Investment Officer at Swiss Wealth Manager Julius Baer, talks to
Gulf News on the secular trends that will define the next decade and how the pandemic continues to impact financial markets
You came out recently with the ‘Secular Outlook’ report defining the key themes for a decade. Did you see a major shift in trends from 2019 to 2020 impacting your outlook due to the pandemic?
The pandemic did not as much shift secular trends as it accelerated them, and substantially at that. Back when we first formulated the key themes for the 2020s in the fall of 2019, we hypothesised the end of the neo-liberal era was close, and envisioned a new unorthodox policy template, which relies less on purely monetary levers and places a greater importance on fiscal stimulus and debt monetisation, as suggested by proponents of Modern Monetary Theory (MMT).