2023 Outlooks from 31 local and global investment firms all in the one spot

Find out how some of the biggest investment firms are preparing for the year ahead via their outlook statements
Ye-Qun Feng

Livewire Markets

Here at Livewire, we are incredibly fortunate to receive a lot of information from our partners and contributors. That includes annual outlook statements.

Say what you will about outlook statements, there is an immense amount of work that goes into preparing them and they provide a valuable roadmap, and plan, for what could happen in the year ahead. They also outline how investors might engage with markets in various scenarios. And that’s the value of these outlook pieces. The planning and preparation. Not the base case predictions that anyone can pick apart 12 months down the line.

Of course, it also pays to consider a range of opinions and do your own research… but you already know that if you’re a Livewire reader.

As we move into 2023, many investors are feeling concerned about how to approach the year ahead. To help you gain some perspective, we have collated the outlook statements of some of the biggest names in the industry. Some of these you may have already seen on the platform, but we’ve pulled them together in one handy location.

Before we get to the list, however, we’ve identified a couple of common themes in numerous of the outlook statements below. 

Common themes

#1 - Recession 

Most of the outlook statements talk about 2023 being a year of slowing growth. More specifically, they expect to see developed economies, namely the US, Europe, and the UK, dip into recession at some point throughout the year. Blackrock predicts further downfalls for equity markets because the market has not fully priced in the possibility of a recession. In their own words,

“We find that earnings expectations don’t yet price in even a mild recession.” - Blackrock

#2 - China a swing factor

Toward the end of 2022, China announced a loosening of its zero-COVID policy. Many research houses have discussed this being a swing factor for the global economy in 2023. A reopening, although likely to be bumpy, potentially means the easing of supply chain issues, a reduction in inflation pressures, and stronger Chinese (and therefore global) growth. Ultimately, China remains a powerhouse that can significantly influence the global economy. 

Outlooks list

  1. abrdn - The Investment Outlook 2023 (VIEW LINK)
  2. Antipodes Partners - Sector specific outlooks for 2023 (VIEW LINK)
  3. Apollo Global Management - 2023 Economic and Capital Markets Outlook (VIEW LINK)
  4. Ausbil -Economic and equities outlook: Summer of 2022/23 and beyond (VIEW LINK)
  5. Australian Ethical - 2022 in Review (VIEW LINK)
  6. Barclays - Q1 2023 Global Outlook: Living with shock and awe (VIEW LINK)
  7. Bank of America - Outlook 2023: Back to the (new) future (VIEW LINK)
  8. Betashares - 2 key lessons from 2022 (VIEW LINK)
  9. Blackrock - 2023 global outlook (VIEW LINK)
  10. BNP Paribas Asset Management - Investing in an age of transformation (VIEW LINK)
  11. BNY Mellon Wealth Management - 2023 Outlook looking through to recovery (VIEW LINK)
  12. Citi Global Wealth Investments - Wealth outlook 2023 (VIEW LINK)
  13. Credit Suisse - Investment Outlook 2023 (VIEW LINK)
  14. Deutsche Bank - CIO Insights (VIEW LINK)
  15. LGT Crestone- Outlook for 2023 - Worse macro, better markets (VIEW LINK)
  16. Fidelity International - Annual Outlook 2023 (VIEW LINK)
  17. Franklin Templeton - Global Investment Outlook (VIEW LINK)
  18. Goldman Sachs - Macro Outlook 2023: This Cycle Is Different (VIEW LINK)
  19. HSBC - Looking for the Silver Lining (VIEW LINK)
  20. ING - ING Global economic outlook 2023 (VIEW LINK)
  21. Janus Henderson - Equities Investment Outlook: Follow the data, not the drama (VIEW LINK)
  22. J.P. Morgan - Investment Outlook 2023 (VIEW LINK)
  23. KKR - Outlook for 2023: Keep It Simple (VIEW LINK)
  24. Lazard Asset Management - Our Look Ahead: Beyond the Market Headlines (VIEW LINK)
  25. Morgan Stanley - 2023 Investment Outlook (VIEW LINK)
  26. Natwest - The year ahead 2023 (VIEW LINK)
  27. Neuberger Berman - Solving for 2023  (VIEW LINK)
  28. Prime Value - Insights from the small cap team (VIEW LINK)
  29. T.Rowe Price - Australia: Market Outlook 2023 (VIEW LINK)
  30. Wells Fargo Investment Institute - 2023 Outlook Recession, recovery, and rebound (VIEW LINK)
  31. WILSONS - Outlook 2023 (VIEW LINK)

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Ye-Qun Feng
Content Editor
Livewire Markets


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