Play it Safe- Standard Chartered Advises Investors

According to a new report dubbed ‘Play it safe’ by Standard Chartered, investors have been warned to only put their money in sure bet investments in the country owing to the current global inflation.

This according to the report is as a result of the expected recessions in  the US and Europe, a recovery in China, a slowdown in global inflation and a pause in Fed rates in H1 23, followed by cuts in H2 23.

According to Manpreet Gill, Chief Investment Officer, Africa Middle East Europe(AMEE) during a media and analysts briefing in Nairobi, the stocks and bond market will rebound in 2023 after going through a prolonged strain in 2022.

Paul Njoki, Head of Affluent Banking and Wealth Kenya & East Africa revealed that research shows that local investors were keen to increase their cash flows to cater for their children's fees, retirement and improved lifestyles.

The report predicted that Central Banks will continue to tighten their monetary policy commitments in 2023 with a bold prediction that interest rates might come down to almost zero in the year in a bid to reverse the effects of heightened rates in 2022.

The report predicts that the US economy will likely experience a recession in the first half of the year.