Market Outlook 2022

VSWA Market Outlook
2/15/2022 Reading time: 1 minute(s)

February 2022

The global economy has witnessed a reopening effect that has brought growth to an unusually high level and increasing inflation in 2021.

Monetary tightening, persistent supply chain issues, slowing consumer demand: these topics will likely continue to influence the first quarter of 2022 in many economies.

What are our macro forecasts and cross asset class views? What are the biggest risks to our expectations and our beliefs for 2022?



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Portrait shot of Reto Cueni, Chief Economist at Vontobel

Reto Cueni, PhD

Chief Economist

Reto Cueni is the Chief Economist at Vontobel and a member of the Investment Strategy and Asset Allocation Team within Vontobel Wealth Management. Prior to joining Vontobel, from 2009 to 2014, Reto Cueni worked as an empirical researcher and lecturer at the Economics Department of the University of Zurich. His research was awarded a research fellowship from the Swiss National Science Foundation (SNF). He is still a regular guest lecturer at the University of Basel and at the Zurich University of Applied Sciences (ZHAW). He started his career in 2006 as a quantitative analyst at Vontobel’s Equity Research. Reto Cueni studied at the University of Zurich, Universita degli Studi in Siena and at the Columbia University in New York. He holds a Master’s Degree and a PhD in Economics from the University of Zurich.



Thorsten Krauss, PhD

Chief Investment Officer

Thorsten Krauss, Chief Investment Officer, has been with Vontobel Swiss Wealth Advisors since 2018. He serves as the Chairman of the Vontobel Swiss Wealth Advisors Investment Committee and as the Head of Investment Management. Prior to Vontobel, Thorsten Krauss served first as a Senior Portfolio Manager and later as Head of Portfolio Management at Notenstein La Roche Privatbank. Earlier he was head of Portfolio Management at LBBW (Switzerland). Thorsten started his career at SGZ Bank In Frankfurt, Germany. Thorsten Krauss is a Certified European Financial Analyst (CEFA) and holds a PhD in Engineering from University of Karlsruhe, Germany.