2022-23 saw investment returns rebound – but is it sustainable?
Dr Shane Oliver, Head of Investment Strategy & Chief Economist insights
After the rough ride of 2021-22, 2022-23 turned out to be a good one for investors as shares rebounded thanks to falling inflation and hopes rates are near the top.
Shares are at risk of a pull back as central banks remain hawkish and recession risks are high. However, returns over the next 12 months should still be reasonable as falling inflation takes pressure of central banks enabling rate cuts.