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In this short video, Vanguard’s global chief economist, Joe Davis, discusses what lies ahead in 2023.

Joe Davis, Vanguard’s global chief economist, gives a high-level overview of where global markets and the global economy are likely headed next.

Inflation is abating, thanks in part to aggressive interest rate rises, but it may come at a cost, with recession likely in most developed markets.

Still, as he explains, it may not be all bad news for financial markets.

Investment risk information

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Important information

This video is designed for use by, and is directed only at, persons resident in the UK.

The information contained in this video is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information in this video does not constitute legal, tax, or investment advice. You must not, therefore, rely on the content of this article when making any investment decisions.

Issued by Vanguard Asset Management Limited, which is authorised and regulated in the UK by the Financial Conduct Authority.

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