The good, bad and the ugly - how concerned are we about the economic outlook?

Increasing doom and gloom

clock • 3 min read
Janet Mui, head of market analysis at wealth manager Brewin Dolphin
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Janet Mui, head of market analysis at wealth manager Brewin Dolphin

War is raging in Ukraine. The yield curve has briefly inverted. The Bank of America Merrill Lynch (BoAML) fund manager survey shows investors hold the most pessimistic economic view since 2008. Inflation is running at 8.5% in the US. The cost-of-living crisis is just starting, and the list goes on.

There is increasing doom and gloom in the investment community. We are turning more cautious on the macro-outlook and are raising defensive elements in portfolios, but it is too soon to be outright bearish....

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