The Globe: December 2022. The baseline scenario contemplates the progressive easing of inflation and a simultaneous macroeconomic slowdown. The central banks are expected to slow the pace of the monetary tightening and to end the hike cycle in the opening months of 2023. In this context, medium and long-term rates should stabilise, if not drop back. Easing pessimism may support stocks in the immediate term, but the recovery will depend on the resilience of the economic cycle.
Audio recorded on 30 Nov. 2022