EVERY year seems to fly by at a faster pace than previous years. But as an investment year, 2022 may well count as a year that overstayed its welcome.
Will 2023 prove a turning point to last year’s poor showing? While the war in Ukraine continues unabated, some things have changed. China is in the early stages of reopening its economy, raising hopes for a softer economic landing in Asia.
US inflation also shows signs that it may have cooled. Consumer prices in the US rose 6.5 per cent in December, the slowest pace since October 2021, and the sixth consecutive monthly decline.
Already fund managers and investors are betting that inflation has peaked and the Fed would begin to cut rates later...
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