Please click the link below to view Shane Oliver’s review of 2022 and outlook for 2023.
Key points raised are:
- 2022 was dominated by high inflation, rising interest rates, war in Ukraine and recession fears. This hit bonds and shares, driving losses for super funds.
- 2023 is likely to remain volatile and a retest of 2022 lows for shares is a risk. But easing inflation, central banks getting off the brakes, economic growth likely stronger and improved valuations should make for better returns
- Australian residential property prices likely have more downside ahead of a September low.
- The main things to keep an eye on are
- inflation
- central banks and interest rates
- US politics
- China tensions
- Australian residental property prices
