Welcome to Outlook 2023

14 November 2022

Video transcript

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Outlook 2023: A rebalancing act

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After widespread turbulence in 2022

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What might be in store for investors in 2023

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With economies rocked by

soaring post-lockdown inflation

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Can policymakers steady the course...

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...without harming the green shoots of recovery?

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As global tensions rise, will countries

pursue diverging agendas?

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Could the weaponisation of energy worsen?

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And can global sustainability goals survive?

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How deep and long-lasting could any recessions be?

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How might a recovery in 2023 play out?

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How could continuing volatility impact asset classes?

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And where might we find new investor opportunities

that could truly influence tomorrow?

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For exclusive insights and analysis, read our Outlook 2023 report.

Welcome to our annual Outlook publication, entitled ‘A rebalancing act’ in recognition of the multi-faceted global transition currently underway. Amid much uncertainty, bond yields are zooming up, as central banks hike rates, and recession risks are becoming real. The mood in financial markets is undeniably glum. The better news, however, is that the longer-term picture looks more encouraging. This year’s report attempts to put these challenges into full context.

In addition to our usual asset class and financial market analysis, you’ll find a fascinating sustainability chapter, offering a timely insight on the topic at a time when sky-high fossil fuel prices are putting the case for clean energy under the spotlight for investors. We sincerely hope you enjoy the report.

Jean-Damien Marie and Andre Portelli,
Co-Heads of Investment, Private Bank

End of year global insights

A rebalancing act

After a tricky year for investors, find out what we think lies ahead for the economy and financial markets in 2023.

Global economy to keep its head above water

While another difficult year looks to be on the cards for the global economy, any recession should be short and shallow. Find out more here.

US economy: rays of hope?

As the Fed takes its foot off the accelerator and inflationary pressures ease, the US looks set to grow faster than most developed world peers next year.

Can China’s economy get its mojo back?

The world’s second largest economy faces subdued growth prospects in 2023, and remains committed to COVID-19 lockdowns. Is there room for optimism?

The eurozone feels the heat

Providing exclusive or specialist investment opportunities, both from Barclays and selected third parties.

UK buckles up for storms ahead

The dramatic chopping-and-changing in UK government circles in 2022 will live long in the memory. But are further tempestuous times still to come?

Time to get selective in equities

Discover why improving prospects for the asset class still go hand-in-hand with the need for careful analysis and selection.

The road to normalisation for bond investors?

After a dire year for bond investors, the pace and path of interest rates and inflation will be vital for prospects in 2023.

Anchors aweigh

We discuss the importance of inflation anchoring, the extent to which it loosened in 2022, and the potential significance for investors.

Is asset allocation at a tipping point?

Fast-changing macro conditions have distorted traditional asset correlations and more volatility on the horizon could bring more change.

The case for investing in clean energy

Discover why the transition to low-carbon energy will not only impact our daily lives, but also inform how we think about investing for the long term.

Being comfortable with the uncomfortable

While heightened volatility can test some investors’ nerves, it’s worth remembering that successful long-term investing is rarely a smooth experience.