Despite recent geopolitical tensions and economic predictions, financial markets have remained surprisingly stable. The AEX index, for example, closed at the same level as when the current US President took office, showing resilience to political events.
While there have been fluctuations, experts suggest focusing on structural economic consequences rather than political headlines. The Dow Jones has seen only a minimal correction, and the Nasdaq 100 even reached a new record high. Market volatility, as measured by the VIX index, remains at normal levels.
The dollar’s value has decreased, impacting Dutch investors with American holdings. However, energy prices have also fallen, with oil and gas becoming cheaper despite ongoing geopolitical issues. Analysts attribute this to the lack of impact on key installations and transport routes.
Despite rising government deficits, interest rates have not significantly increased. Central banks are actively managing the market to prevent a financial crisis. The real economy continues to show resilience, even amidst trade wars and deglobalization.
Although growth expectations have been slightly reduced due to tariffs, a recession is not currently foreseen for any of the G20 countries. Factors such as falling oil prices and the rise of artificial intelligence contribute to this resilience.