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Welcome to the third edition of Amundi’s Newsletter for Central Banks, crafted by our experts for you.
In a complex macroeconomic and geopolitical environment, our specialists share their views on global policy and investment themes important to central banks worldwide.
In this edition, we explore the possibility of multi-speed growth and examine the investment outlook for the remainder of the year, including in emerging markets. We also analyse the impact of risk/reward trends on central bank asset allocation and focus on how central banks are leading the green transition.
Finally, we provide an overview of the key takeaways from a discussion held during the central bank peer-to-peer session at the 2024 Amundi World Investment Forum, attended by over 10 central banks and other sovereign entities from around the globe.
In this issue
Europe faces a modest growth outlook amid various economic challenges, with an emphasis on the need for reforms to enhance investment, innovation, and defence.
Opportunities for recovery may arise from factors such as increased real incomes, lower European Central Bank (ECB) rates, and strategic action plans from the European Commission.
The Trump administration is creating a high degree of uncertainty, which is putting substantial burden on the US economy. We analyse the main policy areas tackled by the current administration and their potential impact on bond market dynamics.
IFC (member of the World Bank group) and Amundi experts discuss how sustainable bonds can attract private capital for emerging market development. They emphasize their role in Central Bank portfolios to align monetary policy with climate goals, as well as the importance of public-private partnerships in engaging institutional investors for sustainable development financing.
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