Manulife Investment Management launches its Mid-year 2023 Outlook for Asia

Global macroeconomic conditions this year are undeniably complex, evolving rapidly in the face of recession risks, inflationary trends, central bank policies, and shifting geopolitical contexts, according to Manulife Investment Management in its 2023 Mid-Year Outlook Media Briefing, which forecasts coming months, including insights on the recession that is expected to be postponed and how markets and investors could adapt to lingering inflation and a more hawkish stance from central banks around the world.

Sue Trinh, co-head, global macro strategy, Manulife Investment Management, said, “While recent data suggests a better-than-expected start to the year for developed economies, it is a case of recession postponed, not cancelled.  Three factors like significant easing in financial conditions, a continued drawdown of excess savings,