ECONOMY | 20.01.2022
While domestic demand will continue to drive the recovery, Gonzalo de Cadenas-Santiago, executive director of MAPFRE Economics, warns in El Confidencial that foreign trade, conditioned by supply chain issues, will not have a significant impact on growth.
MAPFRE AM’s funds are riding high. Within the equity category, seven of the eight products the fund manager has recorded returns close to or above 20% last year. It’s true that the markets performed well overall, but these results are more the fruit of the solid work of the management team.
Beyond the more direct consequences for the UK following Brexit, Alberto Matellán, chief economist at MAPFRE Inversión, points out that factors such as inflation, the labor market and monetary policy could be even more decisive for the future of its economy than for its European counterparts (page 13).
Alberto Matellán, chief economist at MAPFRE Inversión, and Daniel Sancho, head of investments at MAPFRE Gestión Patrimonial, point out that inflation will be a worry for central banks, as well as the road map of the ECB will remain the same.
Economists such as Nobel Prize winner Joseph Stiglitz affirm that the financial sector must be the guarantor of the transition to a sustainable economy and, through ESG criteria, offer financial products that, in addition to seeking financial profitability, generate a positive impact on the environment and society.
In the opinion of Alberto Matellán, the situation in the debt markets suggests that we are experiencing a process of normalization in the markets, something that, beyond the noise, should not worry investors.
Stock markets are currently in a period of corrections, a situation that, according to Daniel Sancho, head of investments at MGP, investors should take advantage of to look for opportunities through active management