Amundi Pension Funds Letter n°15

As holidaymakers resume their familiar summer breaks and crowds return to the Champs-Elysées to cheer on the final stage of the 2022 Tour de France, elsewhere established customs and trends seem less secure. One could say that this period of transition has been ongoing for some time. But in 2022, a new phase clearly unfolded, one unique to our times, but at the same time also hugely familiar. A phase where everything takes on a geopolitical slant.

From this new vantage point, we can see a slow but steady reorientation of the world, upturning previous “certainties”. Economic policies are being reconsidered as the low-inflation regimes seen in Europe and the US in the past few decades have vanished, just as established geopolitical alliances are turned on their heads. Amongst all this, the shift to a low-carbon economy has gone from a pressing issue to an absolute priority as we try to live with the effects of climate change.

Read the full whitepaper now at the link below