2023 will not be an easy year for investors. Uncertainty, volatility and rising geopolitical tensions have affected financial markets. What will happen in 2024? Is a recession imminent or is the long-awaited soft landing just around the corner? What to do with investment portfolios?

Various experts will talk about all this at Outlook 2024, an event hosted by Finect for financial professionals where major investment firms will present their perspectives. The event will be held on Thursday, December 14, and will feature the participation of five major investment houses: AllianceBernstein, Generali Investments, Natixis IM, Nordea Asset Management, and Tikehau Capital.

Before that day comes, we wanted to talk to professionals from various management companies. Today we have an interview Daniel PingarronSenior Sales Manager at Natixis Investment Managers.

Many analysts predict that the global economy will enter a recession in 2024. However, the Natixis IM team predicts a slowdown. “Economic activity will slow next yeardriven largely by the United States, whose slowdown is unlikely to be offset by a possible recovery in other regions. Our forecast for global GDP growth in 2024 is between 2.6% and 2.8%Pingarron said.

In this case, he shows just that The economic activity of China, Europe and the UK will not be able to compensate for the slowdown in global growth. “Economic adjustments in China will likely continue into 2024. Policymakers are making efforts to strengthen domestic growth drivers, but we do not expect these efforts to produce immediate results to offset slowing global growth. “In Europe and the UK it is likely to increase next year, but this will also not be able to drive global growth,” he said.

So far, the US economy has shown better resilience than expected, as households and companies have been less affected by rising interest rates. “Defying expectations, The United States will not experience a soft landing or hard landing in 2023. “The strength of the U.S. economic cycle surprised many people,” he said.

This expert predicted just that The United States Federal Reserve will cut interest rates in the second half of 2023. “The Federal Reserve is expected to respond [a la desaceleración] in two phases: initially adjusting communications to signal possible monetary policy changes at the end of the first quarter, followed by an effective reduction in official interest rates from the third quarter of 2024,” he said.

However, he was sure of it We will have to wait until the fourth quarter to see a rate cut in Europe. “The ECB is unlikely to adjust its monetary policy before the Federal Reserve. “The projections show that the ECB can only implement two rate cuts starting in the fourth quarter of 2024, while reducing the size of its balance sheet at least until the first half of 2024,” he defended.