Following a highly challenging year, our expectation for 2023 and 2024 is to finally see inflation retreat against a backdrop of global growth slowing to its softest – barring the pandemic – since 2009. But while we anticipate a challenging road ahead, we expect a slow recovery emerging in 2024.
What should investors expect in 2023?
There were few places to hide in 2022. The backdrop ultimately forced a revaluation of fixed income and equity assets. However fixed income investors stand to benefit most from the peak in inflation and policy rates, but equity markets while vulnerable, have the potential to rebound. We look at what 2023 could mean for both institutional and retail investors.