Growth vs inflation - 2024 investment outlooks
For professional investors only.
High inflation, high interest rates and slowing economic rates were the story of 2023. Now, the economic battle between the resilience of growth and the stickiness of inflation will be front and centre as we move into 2024. In our global investment outlook, we dive into the various factors, like central bank policy and geopolitical risks, and detail how we believe it’ll play out.
Amid 2023’s uncertainty, some asset classes struggled, while others fared better.
For equities, 2024 looks like it could be challenging. Companies’ ability to manage balance sheets is likely to be key to their resilience and success. Read our equities outlook to find out which sectors we favour, and where else we see opportunities.
For bond markets, recent times have been anything but dull. But now that interest rates appear to have peaked, we believe the ‘income’ in fixed income could be back. In our fixed income outlook, our experts across investment grade credit, high yield credit, emerging markets, government bonds and ETFs share their views on where they see opportunities next year.
In private markets, while there’s been a lot of focus on the price volatility that rising interest rates have created, for those who are prepared, this disruption could create opportunities. As the reality of ‘higher for longer’ interest rates sets in, our private credit experts share where they see opportunity in across bank loans, direct lending and distressed credit.