Outlook on the United Kingdom in 2023
Lazard's Outlook series provides a forward-looking view, over the short, medium, and/or long term, of asset classes, sectors, regions, or countries from the view of Lazard Asset Management. In this edition, LAM portfolio managers share their outlook for the United Kingdom in 2023.
- Price pressures seem to have peaked in the U.K., U.S., and Europe, but we do not expect inflation and interest rates to return to the levels of the past decade.
- 2023 looks challenging for the U.K. economy and stock market, particularly as some companies will likely report on a strike-affected Christmas season, although we should see a slowly brightening picture from the second quarter.
- The FTSE 100 Index currently offers global investors exposure to leading international companies at multiyear valuation lows and discounts to other major developed markets.
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