The Private Office - Autumn Update

We are pleased to enclose our Autumn Update covering the period from January to March 2023.

With Covid-19 increasingly becoming something we think of as happening in the past, a much greater focus internationally is on the post-Covid recovery. The major aspects of this are centred on the global fight against inflation and general economic resilience.

Central banks are walking a tightrope; the harder they try to reign in the inflationary pressures, the greater risk they run of pushing their economies into recession. Just how resilient the different economies can be during this transitional period will have a bearing on investment markets over the coming months.

In this update, we explore some of these matters in more detail. In general, investment markets performed creditably in the first quarter of 2023, providing a welcome reward to investors who stayed calm and stayed invested.

In the short term we expect uncertainty and market volatility to persist until the global fight against inflation is over. Until then, investors should take a small measure of comfort that, looking into 2024, the outlook for global economic growth is starting to look just a little more positive.

As the year progresses, we look forward to updating you with the progress of investment markets and related investment insights.