Slowing growth, elevated inflation: Investment themes to watch for next year

INFLATION is likely to remain elevated in 2023, but the focus of investors could shift to the state of the global economy rather than pressures from rising interest rates.

“I suspect in two quarters’ time, we will not be focused on inflation at all,” John Woods, Credit Suisse’s Asia-Pacific chief investment officer, said at a briefing in November.

“Over the course of the second into the third quarter, inflation will become yesterday’s story, and the focus will be very much on the scope to which growth is decelerating.”