BlackRock calls the new status quo in the global economy ‘New Nominal’. “The ’New Nominal’ is the situation in which higher inflation no longer causes sharply rising interest rates, and dangers for corrections in the stock markets are lower,” said Lukas Daalder, chief investment strategist at BlackRock, in an interview with Investment Officer Luxembourg’s sister publication, Fondsnieuws.nl. The reason is the 2021 Mid-year Outlook that was published last week.
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