Skip to main content

Global Economy

Equity markets will remain under pressure

The combination of faltering economic growth and hawkish central banks focused on above-target inflation will remain a challenging one for most risky assets. The global recession now taking hold means further pain is in store: equities will not turn the corner decisively until the outlook for the global economy starts to brighten, even if safe asset yields fall in the interim. We expect the S&P 500 will drop further, reaching 3200 in the first half of 2023. 

Featured content:
Not featured