Contraction > recovery > late cycle: the cycle round trip is confirmed Advanced Investment Phazer: top-down assessment

The global recovery continues at different speeds and compositions at the regional level. Policies are pivotal in shaping the recovery trajectories, influencing market participants’ narratives and rebuilding confidence.

In order to shed some light amid this global uncertainty, we believe it is helpful to have a look at what has been surprising us during the quarter:

Read the complete whitepaper now at the link below