Playing second fiddle

Aegon Asset Management
By November 25, 2021 09:50

Playing second fiddle

US FIXED INCOME 2022 OUTLOOK

That’s how the 2022 economic forecasts feel when compared to 2021. For ’22, we see real growth running about 4%, or two times trend. That’s typically great performance, but when you’re coming off a phenomenal growth year that saw the average growth rate close to three times trend, it’s a tough second act. We believe labor markets will continue to heal, bolstering aggregate income and private consumption. We think the tailwind will come from inventories— due to supply chain bottlenecks they have been reduced to very low levels— just bringing the inventory/sales ratio back into line could add close to 100 basis points to annual GDP growth alone (exhibit 1)

Asset Manager

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 25, 2021 09:50

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