A political and economic scenario is taking shape and is significantly different from that of recent years. The weight of various factors and diverse nature can be significant: recovery of the post-pandemic world economy exceeding the best expectations; job market reshaped by digital transformation; geopolitical tensions; commodity prices; new role for governments in the allocation of capital It is plausible that the expansion of monetary policy change direction, for example through a tapering of central bank purchases Market prices imply both the prompt full recovery from the pandemic. A further rise in prices will only occur in the presence of astonishing economic performance or the reopening of service business ff Approaching the end of the health emergency, trends are emerging which configure a scenario… Read more
