An introduction to Fidelity International's 2023 Investment Outlook from Chief
Executive Anne Richards
Inflation has dogged markets this year, but there is a risk that overtightening
by central banks will trigger a sharp recession, an 'inflation bust'
Will Asian central banks continue to dance to the Fed’s tune?
Find Fidelity International's full 2023 Investment Outlook here
Watch Chief Executive Anne Richards and Chief Investment Officer Andrew
McCaffery discuss how investors should be approaching the next 12 months
The global economy continues to face a confluence of challenges heading into
2023. A recession is likely in the US and near certain in Europe and the UK
Volatility will remain high for some time given the complicated investment
Sustainable investing has been challenged on many fronts over the last 12 months
and we expect conditions to remain volatile in 2023.
We expect a high degree of volatility for global equities in 2023. However,
diverging earnings expectations will present select opportunities
Bond yields are finally starting to look attractive again but are they priced
for the scale of the downturn ahead?
Although not immune to the wider market volatility, private credit's defensive
features and positioning may prove key in 2023
A more difficult backdrop could herald a return to rational pricing, while
sustainability only likely to become more important