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2022 Global Market Outlook

Playbook for a Shifting Economic Landscape

The global recovery appears on track, but policymakers may be challenged to slow inflation without stifling growth in 2022.

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Australia Market Outlook 2022

Transitioning from tailwinds to headwinds.

China Market Outlook 2022

Attractive opportunities amid China's fast-changing environment

Four Themes to Watch in 2022

THEME 1

Growth Delayed, Not Derailed

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The global economic recovery appears on track, but policymakers may be challenged to restrain inflation without stifling growth. Read more...

THEME 2

Focus on Fundamentals

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Equity valuations are vulnerable to rising interest rates. Slower U.S. earnings growth could favor less expensive, more cyclical ex‑U.S. markets. Read more...

THEME 3

Navigating Policy Shifts

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Risk of central bank missteps could keep bond markets volatile in 2022. With U.S. credit spreads tight, investors may want to cast wider global nets. Read more...

THEME 4

Path to Global Sustainability

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Investment in global supply chains, public infrastructure, and renewable energy development could benefit capital goods and related industries. Read more...

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Unless otherwise stated, all data is sourced from T. Rowe Price. Certain numbers in this report may not add due to rounding and/or the exclusion of cash.

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