2021: The New World Starts Now

Our experts forecast the first year of the post-Covid economy
2020 saw events without precedent shake the world. As well as presenting a medical emergency, the Covid-19 pandemic stress tested the global economy. Few weaknesses went unpunished but, amid the market tumult, there were opportunities as well as emergencies.

Eight experts from Natixis Investment Managers and our affiliates present their insights on what to expect as the world emerges from the crisis.

Download Full Outlook

Individual Outlooks

Below you’ll find the individual outlooks from Mirova, MV Credit, Natixis IM Private Debt, Natixis IM Solutions, Ossiam, Ostrum and Seeyond

China Leads Recovery Amid New Global Monetary Regime

Pent-up demand unlocked and the revival of Chinese growth are causes for optimism for 2021, with strong performances across sectors and markets likely, writes Craig Burelle.
  • December 24, 2020

The Economy Digitises as Healthcare Comes to the Fore

Healthcare spending and government balance sheets are just two of the pandemic responses likely to last for some time, writes Mirova’s Amber Fairbanks.

Investors Turn to Private Assets in Search for Yield

Private market allocations and the maturing of ESG will take their place as the market seeks innovative solutions, writes MV Credit’s Nicole Downer.
  • December 29, 2020

ESG Comes of Age Amid Low-Yield Macro Environment

A rapid return to 2019 activity levels is unlikely – but ESG and private assets present opportunities, writes Denis Prouteau of Natixis IM International Private Debt.
  • December 29, 2020

Vaccines Drive Optimism – But Are They Already Priced In?

Inflation is unlikely to be a concern amid an accommodative monetary environment, while risk assets remain attractive despite the risk of reversals, writes Esty Dwek of Natixis IM Solutions.

ESG Shines as Europe and US Diverge

Uncertainty defines the tentative recovery, but changing consumption habits and strengthening ESG data present opportunities, writes Ossiam’s Etienne Vincent.
  • December 29, 2020

Quest for Yield Continues Amid Mammoth QE

Investors to turn to increasingly inventive approaches in search of yield amid a calming political and medical picture, write Ostrum’s Stéphane Déo and Philippe Berthelot.
  • December 29, 2020

Vaccine Uncertainty and Easy Monetary Policies to Drive Volatility

With the pandemic’s cloud over company fundamentals not moving any time soon, uncertainty over valuations are likely to add to potential volatility, writes Seeyond’s Nicolas Just.
  • December 30, 2020