A quick recap of 2022
The good news is that 2022 finally saw the world shake off the grip of the pandemic. But the past year turned out more difficult than expected for investors.
- Inflation surged to levels not seen for decades.
- Russia invaded Ukraine, leading to higher energy and food prices.
- Central banks raised interest rates at the fastest pace in decades.
- Bond yields surged in response.
- Chinese growth fell sharply.
- Geopolitical tensions worsened with war in Ukraine and worries about China-Taiwan.
- Investors increasingly fretted about recession.
- Tech stocks and crypto currencies were hit hard.
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