A new year means a fresh set of predictions from the financial world’s powerhouses. I didn’t whip up this list myself, but it landed in my inbox and it’s too good not to share. These forecasts from global investment banks and asset managers could help in navigating 2024’s economic landscape. Have a look and see what might be on the horizon.

U.S. Banks

• J.P. Morgan
• J.P. Morgan Private Bank
• Goldman Sachs
• Goldman Sachs Asset Management
• Morgan Stanley
• Bank of America
• Bank of America Private Bank
• Citi
• Wells Fargo
• BNY Mellon
• State Street
• Lazard
• T. Rowe Price
• TD Securities
• Charles Schwab
• RBC Capital Markets

European Banks

• UBS
• HSBC
• Deutsche Bank
• BNP Paribas
• Barclays
• Lombard Odier Group
• Macquarie Group

Asset Managers

• BlackRock
• Amundi
• M&G plc
• Man Group
• Wellington Management
• Invesco US
• Legal & General Investment Management (LGIM)
• Schroders
• Deutsche Bank (Wealth)
• Allianz
• AXA IM
• PIMCO
• Capital Group
• Julius Baer
• Pictet
• Vanguard
• Fidelity
• Cambridge Associates
• KKR
• Apollo Global Management, Inc.
• Blackstone
• BlackRock (Private Markets)

I recently received a list of links to excellent economic and investment 2023 outlook reports from top investment banks and asset managers. It’s amazing that these organizations are now sharing these reports, which were previously only accessible to their institutional clients! 

The reports provide a measured outlook for 2023. The global economy is expected to experience slow growth globally, with projections from some banks ranging around 1.8%. The US is predicted to just avoid a recession, whereas the Euro area and the UK will likely experience a mild recession due to the influence of escalating energy costs. Inflation is projected to dwindle to 3% in late 2023 in the US, and the Federal Reserve is expected to raise interest rates by 125 basis points to reach a peak of 5-5.25%.