Review of 2022, Outlook for 2023

 

Please click the link below to view Shane Oliver's review of 2022 and 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, driving losses for super funds.
  • 2023 is likely to remain volatile and a retest of 2022 lows for shares is a risk. But easing inflation, central banks getting off the brakes, economic growth likely stronger and improved valuations should make for better returns
  • Australian residential property prices likely have more downside ahead of a September low.
  • The main things to keep an eye on are
    • inflation
    • central banks and interest rates
    • US politics
    • China tensions
    • Australian residental property prices