2022 Review & Outlook 2023

While we had mostly learned to live with the lingering impact of COVID-19 as we entered 2022, an unexpected invasion of Ukraine by Russian armed forces reignited market uncertainty and by the end of the year, record levels of inflation had hit the world’s major economies. This left central banks facing the unenviable challenge of curbing soaring inflation while maintaining economic growth, this led them to take the difficult, but necessary, stance to fight inflation at all costs.

To help navigate the future economic landscape, we’ve outlined some of the key market catalysts that were key influences this year and will likely shape much of the coming year. We consider how this year has changed our capital market assumptions, what we expect from markets over the long term, and what this means for investors in 2023.