macroeconomic outlook

The world economy is slowing down at a faster pace than expected as a result of the consequences of Russia’s war against Ukraine, the Organisation for Economic Cooperation and Development, or OECD, said on Monday. Further interest rate increases are needed in most major economies to halt inflation, it said.

Allianz Global Investors’ specialists still consider high yield bonds and equities attractive investments in an environment still controlled by central banks. Metal recycling is seen as an important long-term opportunity in line with the climate transition.