Investment Outlook: More muted forecasts
High inflation, central banks that must quickly raise key interest rates, COVID-19 lockdowns in China, the war in Ukraine and much lower economic growth expectations have plagued financial markets in 2022. Risk appetite has declined as problems have mounted. We expect to see a stabilisation soon, but the risk situation remains troublesome."The problematic start to this year has created large-scale risk aversion, clearly moderating and in some cases dramatically reducing the prices of financial assets. General risk-taking among investors is now well below what it was at year-end 2021.