Global Market Outlook

December 7, 2022

gmo 2023

Navigating a Bumpy Landing

Across the world, 2022 has been an incredibly challenging year. Global economies are grappling with inflation, central bank tightening, and expectations of lower economic growth — each of which signals caution for investors. Looking to 2023, we expect market uncertainty and volatility to persist for some time, leading to a bumpy journey ahead with a wide range of possible outcomes.


Quick Take


Global Chief Investment Officer, Lori Heinel, CFA discusses our market outlook and what investors should be prepared for in 2023.

Video 02 : 13


Meet the Authors


Lori Heinel, CFA

Global Chief Investment Officer


Gaurav Mallik

Chief Investment Strategist


Simona M Mocuta

Chief Economist


About the Outlook


As investment challenges grow more complex, State Street’s Global Market Outlook was created to alert investors to portfolio risks and opportunities in the coming year, based on the research of our investment teams. Research on near-term and longer-term market issues is at the heart of who we are as investors. It drives the kinds of outcome oriented portfolios we create for clients, drawing on the full range of our indexed and active solutions, as well as our asset allocation expertise.


View previous editions of the Global Market Outlook