With inflation pressures building, HSBC AM views that the policy debate has moved on to the timetable for Quantitative Easing (QE) tapering and policy lift-off.
HSBC Asset Management (HSBC AM) believes that entering the 2H2021, the global economy is transitioning from a “restoration phase” to an “expansion phase” of the cycle.
Noting that output has fully recovered in the US, China and across industrial Asia, the asset manager highlights that corporate profits have “rebounded sharply”, with earnings expectations for 2022 ahead of pre-Covid forecasts.
