During the first quarter, we expected the global economies in 2022 to be in a mid-cycle expansion cycle, with the Asian economies set to grow as a result of the post-COVID recovery. However, market uncertainties increased due to high inflation and the Russian invasion of Ukraine.
Amidst the volatility seen in recent months, our investment team has kept a close watch on the economic activities. In our 2Q 2022 Investment Strategy report, we examine the markets and assess what we can expect going into 2H 2022.
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