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Geopolitics threaten to disrupt economy's return to 'normal': Lombard Odier

Nicole Lim
Nicole Lim • 7 min read
Geopolitics threaten to disrupt economy's return to 'normal': Lombard Odier
The private Swiss bank expects four rate cuts that may happen anytime from March to May, and is sticking to a prudent investment portfolio. Photo: Bloomberg
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The world will finally return to economic and financial normality this year, but the “high stakes” US presidential election taking place in November may threaten to uproot that, according to Swiss private banking group Lombard Odier. 

Speaking at the bank’s 2024 global outlook media conference on Jan 25, Lombard Odier’s chief economist Samy Chaar says that the global economy over the last three years has been characterised by commodity price shocks, and upset in the global supply chain system. 

Chaar was joined by the bank’s new global chief investment officer, Michael Strobaek, who held the same role at Credit Suisse prior to joining Lombard Odier last November. 

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