Investment banking briefing: economic outlook & talent market in focus
Looking into the future of investment banking, what are the talent trends shaping the global financial arena? Despite a backdrop of post-pandemic volatility and economic uncertainty in 2021, the global investment banking sector is poised on a slow but steady growth trajectory, forecasted to slowdown to 3.8% by 2023 . While many uncertainties remain, the overall economic outlook points to a consistent trend, albeit regionally uneven. According to the IMF October 2021 fiscal monitor report, the US witnessed a short-lived hit to its economy, with output already reaching pre-pandemic levels in Q1 of 2021. A closer look at Europe, in particular Germany, indicates a renewed fall in the fourth quarter of last year, but in China, the region went into sharp decline and came out earlier. Even after accounting for regional differences, the picture ahead for the global economy suggests strong recovery. In Deloitte’s recent survey of 400 banking and capital market professionals, 88% of r...