Unsicherheit – Die gestiegene Unsicherheit wegen der US-Politik und ihrem finanzpolitischen Kurs wird die Aussichten für die Volkswirtschaften und die Märkte in den nächsten 12 Monaten prägen. Geopolitische Risiken, hohe Schulden und eingeschränkte finanzielle Spielräume erhöhen die Anfälligkeit.
Divergenzen – Die großen Volkswirtschaften sind widerstandsfähig, aber sehr unterschiedlich aufgestellt. Für die USA erwartet Amundi eine Konjunkturabschwächung, für Europa ein moderates Wachstum und für Indien eine herausragende Entwicklung. Unterschiede beim Wachstum, der Inflation und der fiskalischen Entwicklungen werden zu Divergenzen führen, vor allem in der Geldpolitik.
Etwas risikoreichere Allokation – Diese Neuorientierung in der Weltwirtschaft und an den Finanzmärkten sollte dazu führen,
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