"China is finally reopening after announcing an abrupt reversal of its strict zero-Covid policy in January.”
— Sébastien Mc Mahon and Adil Mahroug, iAIM
Highlights:
- China’s reopening should marginally support global growth in 2023 but is unlikely to change the overall trajectory for the world economy
- Even in a scenario of strong earnings contraction, global stock indices remain cheaper than Wall Street
- We reviewed our positioning within equities, and gold is making a comeback in our asset mix
Your current economic review is also in the Document Centre of the Advisor Centre every month!
Search with the keyword "Macro" or bookmark the following link: Monthly Macro and Strategy
Sébastien Mc Mahon, MA, PRM, CFA
Chief Strategist, Senior Economist and Vice-President, Asset Allocation & Portfolio Manager
Adil Mahroug, M. Sc.
Senior Strategist and Director, Asset Allocation
