Top Money Managers See Global Stocks Gaining in 2023
Bloomberg survey shows optimism for year ahead, but worries about stagflation
This article is for subscribers only.
Some of the world's biggest investors predict that stocks will see low double-digit gains next year, which would bring relief after global equities suffered their worst loss since 2008.
Amid recent optimism that inflation has peaked — and that the Federal Reserve could soon start to change its tone— 71% of respondents in a Bloomberg News survey expect equities to rise, versus 19% forecasting declines. For those seeing gains, the average response was a 10% return.