2023 Investment Outlook: Another Year of Volatility In Sight

2022 has presented many headwinds for investors. The post-pandemic world is facing Russia-Ukraine war, China’s economic freeze, and disrupted global supply chains which fuel inflation to historically high levels and diminish the prospects of economic growth. These developments coupled with the aggressive monetary tightening observed in most major economies has led capital markets to struggle, with both equities and fixed income experiencing sizeable losses.

Despite overall positive forecasts for financial markets, 2023 is expected to be full of volatility, as fundamental challenges from 2022 are yet to be resolved. To help investors maneuver effectively during the times of such turmoil, we have aggregated the core research insights on 2023 capital markets outlook from some of the top international investment banks, such as JPMorgan, Goldman Sachs, Merrill Lynch, and Bank of America.