Please click on the link below to view Shane Oliver's outlook for 2023.
Key points raised are :
- 2022 was dominated by high inflation, rising interest rates, war in Ukraine and recession fears. This hit bonds and shares hard, driving losses for balanced growth super funds.
- 2023 is likely to remain volatile and a retest of 2022 lows for shares is a high risk. But easing inflation, central banks getting off the brakes, economic growth likely stronger than feared and improved valuations should make for better returns.
- Australian residential property prices likely have more downside, ahead of a September quarter low.
- The main things to keep an eye on are
- inflation
- central banks and interest rates
- US politics and it's debt ceiling
- China tensions, and
- Australian residential property prices