China is experiencing a crisis of confidence, increasing the danger of all-out crisis. But our core scenario remains relatively positive as we also see important structural strengths.
By: Björn Jesch
After a rollercoaster 2020, chances for a more "normal" 2021 are good. Economic recovery and central-bank support can serve as a safety net.
Receive the full comprehensive CIO View in one document
By: Klaus Kaldemorgen
Monetary and fiscal packages are driving the markets, but their valuation leaves little room for economic disappointment.