Long-term outlook: World macro economy

Aegon Asset Management
By November 12, 2021 10:33

Long-term outlook: World macro economy

A key factor in the past year has been the unprecedented fiscal and monetary support.

The initial economic impact of the Covid-19 pandemic and the subsequent rebound have been different for many countries.

As the pandemic started in China, that country initially experienced a fall in output. As China was subsequently able to contain further outbreaks, it resulted in a faster recovery and output exceeding pre-pandemic levels.

Europe and the US have in contrast struggled more with the pandemic in 2020. Restrictions were needed during the initial wave and during the winter 2020/2021 period. The initial fall in output in 2020 was by far the most damaging. In subsequent waves, corporates and households, adjusted their behaviour, which resulted in a smaller drag on growth. 

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We are active global investors.

In a complex world we think and act across traditional boundaries. We organize our teams globally by asset class, to bring the breadth and depth of our investment and research capabilities together for clients across the world. We call it investing beyond borders..

Website: www.aegonam.com

Bas Smit
Business Development Manager, Netherlands
Tel: +31 6 12 27 62 73
bas.smit@aegonam.com

Jeroen van Wilgenburg
Business Development Manager, Netherlands
Tel: +31 6 51 35 24 20
jeroen.wilgenburg@aegonam.com

Aegon Asset Management
By November 12, 2021 10:33

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