Spectrum, Q4 2022

Sustainability. We mean it.

Insight

12 December 2022 |

Macro

A year has passed since our Q4 2021 edition of Spectrum, in which we invited investors to consider the consequences of ‘sticky’ inflation. Suffice to say, a lot has happened since then, and the question of higher-for-longer inflation has been answered in no uncertain terms.

Spectrum, Q4 2022

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Fast reading

When facts change, I change my mind – what do you do, Sir? The macroeconomic outlook from our Senior Economist, Silvia Dall’Angelo.
The six big ‘ifs’: We take a deep dive into key issues determining short-term inflationary outcomes.
The asset-class outlook: A view from our equities, fixed income and private market teams.

However, it is becoming increasingly difficult to ignore the short-lived nature of many of the factors fuelling recent price rises. The energy crisis, the threat of a global recession, and the ongoing conflict in Ukraine, to name but a few, all have the potential to bring inflation to an early close.

In our latest edition, we pose a timely question: If inflationary headwinds were to subside, what might this mean for investors? And how might they respond?