Cross Asset Investment Strategy - April 2023
Monday 17 April 2023
Financial stability concerns to tip the balance towards a US recession
KEY TAKEAWAYS: Recent stress in parts of the banking sector will raise funding costs and reduce lending to many sectors. Now we expect the US economy to shrink by - 1.1% in 2023, driven by a contraction in domestic demand. Eurozone growth should stagnate amid inflation remaining high.
Cross Asset Investment Strategy