DNCA – 2022 Overview & 2023 Outlook

DNCA Finance takes stock of the year 2022 and gives its macroeconomic outlook for 2023.

Highlights

  • 2023 is expected to remain a year of reduced growth in most countries, with the exception of China, who should benefit from the end of health restrictions.
  • Beyond the decline in inflation, linked to base effects, it should remain anchored at around 3%.
  • The end of labour market tensions is a prerequisite for a change in the course of monetary policy.
  • Reducing budget deficits will be difficult and is likely to encounter many pitfalls.

Resources

Written in January 2023.

This article has been provided for information purposes only to professional clients. It must not be used for retail investors. The provision of this material or reference to specific sectors or markets in his article does not constitute investment advice or a recommendation or an offer to buy or sell any security. Investors should consider the investment objectives, risks, and expenses of any investment carefully before investing. Views expressed in this article as of the date indicated are subject to change and there can be no assurance that developments will transpire as may be forecasted in this article.

DNCA FINANCE – Affiliate of Natixis Investment Managers. DNCA has been approved as a portfolio management company by the French Financial Market Authority (Autorité des Marchés Financiers) under number GP00-030 since 18 August 2000. 19, place Vendôme – 75001 Paris. www.dnca-investments.com