Entering Uncharted Territory
Key Takeaways
- Global inflation looks set to cool but will likely remain above comfort levels at 3%.
- With persistently high inflation, further tightening is likely to occur.
- A synchronized global recession may be the consequence, hitting sometime before the end of 2024.
- In light of this, J.P. Morgan Research expects to see a more challenging macro backdrop for stocks in the second half of 2023.
