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After what has been an especially turbulent year, the arrival of the summer school holidays from mid-December signals a time of recovery, relaxation and renewal for many. But for some, especially families where mom and/or dad are working straight through the festive period, it can also ignite feelings of anxiety and financial stress.
According to the International Monetary Fund’s (IMF) World Economic Outlook, global challenges such as the Covid-19 pandemic, high inflation, volatile markets and the war between Russia and Ukraine have all contributed to a capricious situation that will see global economic growth drop in the new year – from 6.0% in 2022 to around 2.7% in 2023.
As an adviser reading this article, which discipline do you find most important for retirement planning?