In his central scenario, Christophe Donay, chief strategist at Pictet Wealth Management, estimates a possible correction in the equity markets of around 10% to 12%, notably due to the fall in expected earnings growth between 2021 and 2022. But the magnitude of the downturn could be much larger if certain assumptions, which he considers fairly likely, were to...
"The three major risks to the global economy"
Christophe Donay (Pictet Wealth Management): "During the subprime crisis, $700 billion of assets were scrapped. Now we are talking about a potential 860 billion dollars.