Will investors have another awful year in 2023?

2022, shell-shocked investors have losses to recoup and There are asset-class allocations to be made, industries to favour or shun and every economic variable under the sun to forecast. Professional money managers have the extra headache of working out how to stop nervous clients racing for the exits. But one question dominates the rest, and it is the impossible one that looms over every crash. Is the worst over?Economically, there is a clear answer: Kristalina Georgieva, head of the , warned on January 1st that a third of the global economy is likely to fall into recession in 2023. Downturns have probably already begun in the euro zone and Britain. In a recent poll of economists carried out by the University of Chicago and the , 85% thought America would follow before the year is out.