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CIO CORNER

Prepping your portfolio to ride through the seasons 

The world is moving into the ‘winter’ of its current business cycle. Focus on how to protect your portfolio in a recession

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    • The manufacturing sector's Purchasing Managers Indices of 41 economies and regions showed that 60 per cent reported a contraction in March.
    • The manufacturing sector's Purchasing Managers Indices of 41 economies and regions showed that 60 per cent reported a contraction in March. PHOTO: REUTERS

    Francis Tan

    Published Tue, Apr 25, 2023 · 05:39 PM

    IS WINTER coming? This appears to be the consensus of the World Bank and International Monetary Fund (IMF), who have given bleak assessments of the global economy this year.

    The IMF’s latest World Economic Outlook report released in April this year struck a somber tone, with the organisation tempering its forecast for global growth in 2023 to 2.8 per cent from 2.9 per cent previously, due to tighter global monetary conditions.

    More ominously, the report also warned of a “severe flare-up of financial system turmoil that could slash output to near-recessionary levels’‘.

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