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BlackRock’s global economic outlook for 2021
In the fourth quarter of 2020, economic activity is normalising faster than expected across the globe. This, even with renewed lockdowns to contain the spread of COVID-19. And also structural trends are changing the nature of portfolio diversification. Joining CNBC Africa to look at asset allocation going forward is Karim Chedid, Investment Strategist at BlackRock.
Tue, 01 Dec 2020 10:52:14 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- 2021 shaping up to be a more positive year for risk assets, with a focus on long-term winners and vaccine rollout.
- Emerging markets, especially China, show resilience and potential for growth in 2021.
- Selective investments and alternative asset classes gain importance for portfolio diversification amidst lower yields.
In the final quarter of 2020, the global economy is showing signs of normalization, despite ongoing challenges posed by COVID-19 lockdowns. Karim Chedid, Investment Strategist at BlackRock, shared insights on the outlook for 2021 in an exclusive interview with CNBC Africa. Amidst the uncertainty, Chedid highlighted key themes that are expected to shape the investment landscape in the coming year. The discussion touched upon the impact of the pandemic on markets, the importance of vaccine rollout, and the opportunities in emerging markets. Furthermore, Chedid provided insights on the dollar outlook, portfolio diversification strategies, and the evolving dynamics of the asset allocation landscape. As investors navigate through volatile market conditions, BlackRock remains focused on selective investments and alternative asset classes to optimize returns. The outlook for 2021 remains positive, with a renewed emphasis on diversification and strategic planning.
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