January 13, 2021
Investment outlook first quarter 2021
The outlook for the world economy has returned to positive. The latest consensus GDP growth estimates were minus 3,8% for 2020 but plus 5,2% for 2021 and plus 3,7% for 2022.
October 13, 2020
Investment outlook fourth quarter 2020
We continue to seek prudent investments in solid companies that trade at acceptable prices.
July 16, 2020
Investment outlook third quarter 2020
As we described in our Investment Outlook last quarter, we believe that the effects of the Covid-19 pandemic will have long-term adverse effects on the economy.
April 3, 2020
Investment outlook second quarter 2020
Our base scenario is that most of the impact and consequences of the Covid-19 pandemic will ultimately be limited in time.