At this time last year, inflation, the pandemic and conflict between Russia and Ukraine were at the top of investor agendas globally. These three topics remain top concerns as the new year begins; however, the direction of inflation compared with a year ago has started to reverse course, the response to the pandemic has become more routine, and the war in Russia and Ukraine has less uncertainty.
These themes are affecting investment markets and will continue to do so in the year ahead. Here are three reports that give an overview of some of what to expect during the next 12 months.
Manulife Investment Management in its Q1 2023 Global Macro Outlook looks at the macro picture and sees a challenging first half of the year with a recession likely that “could make 2023 the worst year for global growth since the 1980s.” But Manulife also notes the consensus on whether a recession will occur remains below 50 percent, with the view on the United States’ chances