After consecutive years of strong performance for most equity and credit sectors, T. Rowe Price's investment leaders urge greater selectivity in 2022, as global market prospects appear more uncertain.
While the omicron variant - and the possibility of renewed lockdowns - are still threats, the primary economic focus for 2022 has shifted to the risks that higher inflation and interest rates could pose for growth and asset returns. However, on the positive side, household wealth gains, pent up consumer demand, and a potential boom in capital expenditures, could sustain growth - even as monetary policy turns less supportive.
Sébastien Page, Head of Global Multi Asset, Justin Thomson, CIO and Head of International Equity, and Mark Vaselkiv, CIO Fixed Income, highlight the key factors driving global markets and the actionable insights needed to navigate the shifting economic landscape in their view for 2022.
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