July - August, 2022
Key Highlights
The global macroeconomic outlook is deteriorating. Global growth is decelerating. Consumer’s behaviour is affected by the surge in energy prices and inflation in general.
Subtrend global growth and tighter monetary policy create a challenging outlook for asset markets in 2H22.
Corporate’s margins and earnings globally under pressure.
Central bank’s rhetoric still hawkish until inflation start to cool substantially (not before Q4 22).