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The global economy is facing an incredible amount of uncertainty at the moment which is continuing to drive the volatility we’re seeing in financial markets.
Whether it’s uncertainty around inflation, interest rates, commodity prices, Covid or Ukraine, the growth outlook has become extremely unclear and is constantly subject to significant revisions.
That has been clearly evident in recent months as central banks have been forced to dramatically accelerate their tightening plans despite facing the prospect of slowing growth, even recession risks.