Image:
Joanne Benson is senior portfolio manager at Copia
The first six months of 2022 have been challenging for investors, with declines across global stockmarkets.
The S&P 500 and Nasdaq have officially entered a bear market and we believe the UK is following suit, albeit with occasional dead cat bounces. Growth in the UK has already shown signs of stalling and the risk of recession continues to rise, both at home and overseas. Citigroup analysts have forecast a near 50% chance of global recession, while Barclays suggests the euro area could enter a recession in the fourth quarter of 2022. Inflation has reached a 40-year high in both the US and the UK and economists expect it to climb into double figures later in 2022. Central banks have been slow ...
To continue reading this article...
Join Investment Week
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
