- Global growth looks set to rebound even more strongly in 2021 than we had anticipated in our January Cyclical Outlook.
- Over the next several months, a combination of base effects, recent increases in energy prices, and price adjustments in sectors where activity ramps up is likely to push year-over-year inflation rates significantly higher.
- Investors should look to maintain portfolio flexibility and liquidity to be able to respond to events in what is likely to be a difficult and volatile investment environment.
- We see modest upside for commodities, driven by accelerating global growth, investment in infrastructure, and generally tight levels of current inventories.
For further details see:
Cyclical Outlook Key Takeaways: Dealing With An Inflation Head Fake