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.

Download the full Investment Outlook (EN)

2023 Investment Outlook