USA: China's economy is predicted to recover in the second quarter of 2023, according to an asset manager, and the global economy has remained resilient despite recent economic unrest. Asset manager Banque de Luxembourg Investments (BLI), with offices in Luxembourg, stated in its monthly market report that the world economy ended 2022 on a "positive note."

A strong labour market, financial savings from the pandemic, and ongoing wage growth are driving high levels of consumer spending in the US, according to Guy Wagner, chief investment officer at BLI, while corporate revenues and profits are also still strong.

The report also suggested that China's economy would rebound once health conditions returned to normal after a sharp rise in coronavirus cases following the end of the zero-covid policy, which had slowed economic growth.

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The US and European central banks kept raising interest rates despite inflation, which caused a drop in stock prices. Over the course of the entire year 2022, the MSCI All Country World Index Net Total Return expressed in euros decreased by 13.0%.

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The US, Europe, Japan, and emerging markets all saw declines on a regional basis. Bond yields increased amid monetary tightening, particularly in Europe, as a result of the ECB's potential for additional key interest rate increases in increments of 50 basis points.

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Energy was the only industry with a significant positive performance over the previous year.