The Outlook Ahead -Mid-year Outlook

Mid-year 2023: Asia, The Game Changer

Investors continue to navigate a challenging landscape - one characterized by sticky inflation, elevated interest rates, and growth headwinds. The lagged impact of tighter monetary policy has already started to impact parts of the global economy, and the outlook remains uncertain. Geopolitical risks also continue to run high as we enter a new multipolar regime.

Yet at the same time, there are bright spots of opportunities. Asia’s outlook is expected to be resilient alongside increasing favourable macro-economic conditions in Japan and tailwinds from China’s post-Covid reopening. Importantly, changes in leadership across asset classes and sectors lie ahead, as some are better positioned against a challenging macro backdrop.

What will drive the world in the second half of 2023? What are the key trends that investors need to look out for?

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