Quarterly Pulse - July 2022

Economic Outlook

With inflation beating the target levels, central banks continuing to tighten their policies, remaining supply-chain interruptions, and the geopolitical uncertainty, recession worries are coming to the forefront of investors’ concerns. Markets have been extremely challenging this year: equity prices have suffered a hit from the worrying growth outlook, while bonds have failed to provide the safety net, being unattractive in the elevated-inflation environment. So what is next in store for investors?

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