6 Oct 2023
Quarterly Market & Economic Update – Quarter 3, 2023 with Chris Lioutas
In this quarterly update, Chris discusses four key areas shaping the current economic landscape:
1. Economic outlook for the global economy: The outlook for the global economy has been changing at a rapid pace because of interest rate hikes and high levels of inflation. Central banks are now indicating they may be done with the rate hiking cycle. Chris shares his view on the outlook for the next quarter.
2. The Chinese economy: The Chinese economy is a hot topic at present. China re-opened last November to great fanfare and optimism and that has since waned. Does this present an opportunity or risk?
3. Has inflation peaked: We believe inflation may have peaked, however, concern remains that it gets stuck at these levels and doesn’t continue to fall to target levels (2-3% Australia or 2% US context).
4. What to expect in the coming months from Central Banks: Central banks are playing a balancing act between not crashing or forcing an economy into recession but remaining steadfast in their approach to getting inflation under control and back to target. “Higher for longer” is the mantra being used.
The Investment & Research team at PSK are always monitoring market conditions and data points to ensure portfolios align with our overall long-term objectives. If you’d like to discuss any of the points raised, please contact your Adviser or call us on (02) 8365 8300.
If you’d like to discuss any of the points raised, please do not hesitate to contact us on 8365 8300.
General Advice Warning - Any advice included in this video has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation or needs.
