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During the fourth quarter of 2022, Central Banks hiked interest rates further and were expected to continue, despite the loss of momentum in economic growth at the time.
The global economy grew below trend in 2022 and should decelerate further in 2023, as rapid increases in (developed market) short-term interest rates start to bite, and higher (energy) prices hurt consumer budgets.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?