2022 Global Market Outlook

Playbook for a Shifting Economic Landscape

Following generally positive results in early 2021, global capital markets were hit by several negative surprises in the second half. Although the earnings outlook appears positive across most global regions, the fading of fiscal and monetary stimulus efforts means further equity gains are likely to become even more dependent on upside momentum in earnings growth.

Global recovery remains on track.
Equity valuations and investor sentiment both appear elevated.
Gradual cyclical shift worldwide.
The sustainability of economic systems may continue to rise.