The GIV document elaborates on the latest views, convictions and outlook of our Global CIOs, different Investment Platforms and Macro-Strategy teams.

The partial shutoff of gas deliveries is already affecting European growth momentum. Discover what could be the economic impact of a total cutoff and what are the investment implications.

The ECB is determined to tighten its monetary policy in the face of record high inflation levels.

We are entering a tough phase of the regime shift, as the risks over economic growth add to the already hot inflationary backdrop. This means that stagflation fears will continue to drive the market and risk assets are likely to remain very volatile, particularly the most indebted companies and those with still excessive valuations.

Understanding the outcome of the May FOMC meeting and its market and implications

Understanding how the legacies of the 'old economy' paved the way for a new macro-financial regime today, and implications for investors.

Understanding how the misallocation of capital in the last macro-financial regime laid the foundations for the prospect of stagflation today.

Understanding why the idea of the fiscal 'free lunch' is an illusion while global debt remains at record highs, and moving into a more fragmented world.

Understanding why the idea of the fiscal 'free lunch' is an illusion while global debt remains at record highs, and moving into a more fragmented world.