Fidelity International’s CEO Anne Richards and CIO Andrew McCaffery on the
outlook for 2022
2021 brought the recovery many had hoped for. But no one could describe it as
‘getting back to normal’.
In 2022 the major central banks will have to decide what to do about higher
inflation, which we believe will be stickier than they currently expect.
We are optimistic about equities over the next 12 to 18 months. Growth and
earnings will be respectable but momentum is slowing.
At the moment, a soft landing looks more likely for equities in 2022, but a
number of risks could drag the market into something more unpleasant.
Record debt levels mean central banks cannot normalise aggressively.
Inflation is back, the ‘new normal’ for office use is still unclear and the
low-carbon transition is changing the relationship between landlord and tenant.
"I don't think central banks are going to have the capacity to raise interest
rates to the extent that's [being] priced in," says Fixed Income CIO Steve
Market leadership continues to evolve across Asia-Pacific, with potential
inflation making some markets look more resilient than others.
ESG Outlook 2022: Three key priorities in sustainable investing