“Adapting to unpredictability” Emirates NBD announces investment outlook for 2023

“Adapting to unpredictability” Emirates NBD announces investment outlook for 2023

Dubai, UAE: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has released its global investment outlook for 2023. Themed, “Adapting to unpredictability” the 2023 outlook was revealed by Maurice Gravier, Chief Investment Officer at Emirates NBD Group.

Speaking at the media briefing, Gravier and his team presented their investment strategy against the backdrop of a new investment landscape emerging from the disruptions of the last three years, where uncertainty has become more structural, and unpredictability has become the norm.

Gravier commented, “The world is transitioning from an era of low inflation, abundant liquidity and happy globalisation to a more complex and unstable state. There are short term unknowns, especially the relative trajectories of inflation and growth and the reaction function of central banks in 2023. There are also longer-term implications. We were used to cyclical crises and quick fixes from well aligned authorities. We now enter an era of slow-moving shocks with no easy response and less global coordination.”

He added: “When unpredictability rules, portfolios have to adapt, and this is where the good news starts. The broad turmoil of 2022 has improved long-term expected returns, especially from income generating assets, and bonds have reconstituted