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Olga Bitel, Partner

Global Equity Strategist

Olga Bitel, partner, is a global strategist. She is responsible for economic research and analysis across all regions and sectors. She distills macroeconomic and geopolitical developments into actionable insights for global equity portfolios within a multifaceted strategic framework. In addition, she provides insights about cyclical turning points and structural trends as inputs into portfolio construction in predominantly bottom-up investment approaches. Before joining William Blair in 2009, Olga was a senior economist at the National Institute of Economic and Social Research in London, United Kingdom, where she produced macroeconomic forecasts for most Asian economies and led thematic research projects for some of the world’s best-known international organizations, including the Organization of the Petroleum Exporting Countries and the International Monetary Fund. Olga received a B.A. from the University of Chicago and an M.Sc. in economics from the London School of Economics and Political Science.

Outlook 2022: Slowflation to Expansion

Outlook 2022: Slowflation to Expansion

By all accounts, 2021 was a good year, economically speaking. Production and distribution challenges of the mass vaccination drive are largely resolved. The world’s largest economies are firing on nearly all cylinders. Yet the latest COVID-19 variant suggests that the...

A Recovery in Five Acts

A Recovery in Five Acts

We are in what we like to call the Mother of All Recoveries (MOFAR), but we don’t think it will expire in months or quarters: We believe it is a multiyear phenomenon that has the potential to slowly morph into something more sustainable (and it is not fully priced...

2021: Rising Yields, Solid Earnings

2021: Rising Yields, Solid Earnings

Economic growth this year is likely to be strongest in decades, but the implications of this growth are hotly debated. In the fixed-income markets, we see nominal yields rising even if inflation does not accelerate beyond the 2% to 3% range. And in the equity markets,...

2021: The Strongest Growth in a Generation?

2021: The Strongest Growth in a Generation?

Charles Dickens’s timeless quote—“It was the best of times, it was the worst of times”—may come to characterize the global economy of the early 2020s quite accurately. The COVID-19 pandemic wreaked havoc on the global economy. The brunt of the decline occurred in the...

Impact! U.S. Elections

Impact! U.S. Elections

The U.S. election season is in full swing, and the implications for economic growth prospects and market returns are more elusive and more profound than any market moves in the early days of November may imply. Economic and social policies can improve or undermine our...

Untangling Misconceptions About Inflation

Untangling Misconceptions About Inflation

Investors are preoccupied with inflation for good reason: It affects interest rates, public-equity valuations, private-equity access to capital and, ultimately, stock-price multiples. The recent policy change announced by U.S. Fed Chairman Jerome H. Powell to allow...

Paths to Recovery

Paths to Recovery

In determining where the current economic slowdown is likely to end up, it helps to consider the potential paths to recovery. Will the recovery be V-, W-, U-, or L-shaped? We will talk about why we are modeling the recovery the way we are, where the potential pitfalls...

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