Housing, rate hikes, and oil are the three biggest risks in 2023 - Ivo Pezzuto housing inflation oil
The three biggest investment risks in 2023 are housing prices, central bank rate hikes, and energy volatility, said Ivo Pezzuto, Professor of Economics and Digital Transformation at ISM Paris.
He also predicted that geopolitical tensions will be less of a concern in the new year, saying that “the last thing Europe can handle now, and I would say also NATO and the U.S., is another geopolitical instability and conflict in Europe while we have this Ukraine conflict.”Central banks worldwide have been hiking interest rates to stem inflation, with the U.S. Federal Reserve increasing rates by 425 basis points over the year.
However, he added that “the early warning indicators, leading indicators, and forward-looking” indicators suggest that a recession is coming.
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