Fund managers see global stock regaining in 2023

Major investors have forecast that global stocks will recover next year. Amid recent optimism that inflation has peaked and that the US Federal Reserve could soon start easing interest rate hikes, 71% of respondents in a survey expect equities to rise, versus 19% forecasting declines. The informal survey of 134 fund managers incorporates the views of major investors including BlackRock, Goldman Sachs Asset Management, and Amundi, and was conducted between November 29 and December 7. It provides an insight into the big themes and hurdles they expect to be grappling with in 2023 after inflation, the war in Ukraine, and central banks battered equity returns this year. A similar survey last year predicted that aggressive policy tightening by central banks would be the biggest threat to stocks in 2022.