Economics or Medianomics – Who do you believe
There is little doubt that uncertainty around inflation, interest rate rises, and recessionary risk would continue to influence investment markets and investor sentiment over the course of 2023.
The higher-than-expected inflation data in Australia serves as a reminder that inflationary pressure could stay uncomfortably higher for longer. However, majority of the released data are lagging indicators. Lots of the headline grabbing news seemed to have exaggerated the pessimism by drawing our attention to the past than to where we are at now or to the future.
Market is always forward looking. While we can never predict the future with certainty, we would like to share with you our view of inflation and our outlook of interest rates, and equity and property markets.
