Frédéric Leroux, a member of Carmignac’s strategic investment committee, presents three avenues to explore in the face of the return of inflation, which could also mean the return of the economic cycle and thus favor active management.
Inflation is expected to decline significantly in Europe from September. Is it then possible to foresee a quick and lasting return to the situation before the pandemic? Probably not. Having denied it, then underestimated it, and then realized it.
