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2023 Investment Outlook - Some light for investors after the storm
Monday 30 January 2023
We expect global growth to slow significantly, with several countries across both developed markets (DM) and EM suffering stagnation, while others may face a slowdown at best.
The main driver of European growth dynamics remains the energy shock, compounded by unresolved post-Covid-19 supply-side inflationary pressures and resulting in double-digit inflation.
The low growth-high inflation backdrop should spread evenly across the EM universe with a few exceptions, the most relevant being China.
2023 Investment Outlook