The 2022 CMAs cover our top findings for the year ahead as well as some key insights for asset owners in 2022.
A few key takeaways:
Expect higher inflation - Inflation will remain elevated in 2022, but higher inflation is good news for real assets like real estate, infrastructure and commodities which offer diversification benefits for asset owners.
Pre-pandemic risks still loom - As the global economy slowly recovers from the impact of the COVID-19 pandemic, earlier risks like elevated valuations in developed economies, duration and inflation risk in fixed income, are resurfacing.
Period of expansion continues - While the risk of a slowdown remains heading into 2022, we’ve maintained a higher risk posture relative to our benchmark.
Economic growth will moderate - We expect growth to moderate in 2022, shifting towards longer-term trend rates as fiscal stimulus declines and the economy normalizes.
Invesco Investment Solutions