J.P. Morgan Asset Management - The Weekly Brief

25.01.2021 14:31 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Von den massgeblichen Industrieländern hat Grossbritannien den beeindruckendsten Impfstart hingelegt. Die Regierung hat sich das ehrgeizige Ziel gesetzt, bis Mitte Februar allen über 70-Jährigen, den Beschäftigten an vorderster Front und klinisch gefährdeten Personen eine erste Impfdosis anzubieten – ein Ziel, das sie voraussichtlich erreichen wird. Die USA und insbesondere die grossen Volkswirtschaften der Eurozone sind langsamer gestartet. Unser Basisszenario ist jedoch, dass sich die Industrieländer dank der Impfungen ab dem Frühjahr erholen werden. Im zweiten Halbjahr dürfte sich die Aktivität stark beschleunigen, sobald die Verbraucher ihre während der Pandemie nicht getätigten Ausgaben nachholen. Trotz der zahlreichen Gründe für Optimismus sollten Anleger die Informationen über Virusmutationen und die potenziellen Auswirkungen auf die Wirksamkeit des Impfstoffs im Auge behalten, da sich dieser Zeitplan dadurch verzögern könnte.

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