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.
Commodities Drop-In: How recession and war will drive prices in 2023
Starts 9th November 2022 at 3PM GMT
The outlook for commodity prices has rarely felt more complex: while a looming global recession is set to drag on demand, the ongoing war in Ukraine is likely to mean some markets will remain jumpy