Days of low inflation, soaring markets are over, and investors can expect decade of lower returns: BlackRockTech stocks in particular soared over the least decade, but they're having a tougher time now.The days of ultra-low interest rates, low inflation, and supersized stock market returns are over, a BlackRock strategist has said.
But those days are now over, according to Nigel Bolton, co-global head of equities at BlackRock, the world's biggest asset manager.in 2022 and the coronavirus pandemic have pushed the global economy into a new"regime", Bolton told Insider, by forcing central banks to abruptly hike interest rates and companies to rethink global supply chains.
"The chances that we're going to get back to the regime that we had in the previous 10 years, of very low, 2% type inflation, I think that is very unlikely." Bolton said. Many other investment firms, and even central bankers, also think a regime change is underway. Christine Lagarde, President of the European Central Bank, declared the era of low inflation to be over in July.
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