Amundi’s 2023 Investment Outlook


Inflationary pressures, the rising threat to the economic outlook by aggressive central banks, an uncertain recovery in China, and geopolitical tensions will continue to dominate investors' agendas in 2023.

Watch our 2023 Outlook

Video | January 2023

Amundi Macro Outlook 2023

Monica Defend, Head of Amundi Institute, and Ken Taubes, US CIO, discuss our outlook for the global economy and key macro trends. 


"There's a shift going on now where inflation is becoming less the story and growth is becoming the problem."

-Ken Taubes
Chief Investment Officer, US



Investment Outlook 2023: Some Light for Investors After the Storm

We predict that 2023 will be a two-speed year, with plenty of risks to watch out for. Bonds are back, market valuations are getting more attractive, and a Fed pivot in the first part of the year could trigger interesting entry points. We expect global growth to slow significantly, with several countries across both developed markets and EM suffering stagnation, while others may face a slowdown at best.

Learn More

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your financial professional or Amundi US for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it from our  literature section.

Securities offered through Amundi Distributor US, Inc.
60 State Street, Boston, MA 02109
Underwriter of Pioneer mutual funds, Member   SIPC.   

Not FDIC insured | May lose value | No bank guarantee Amundi Asset Management US, Inc.  Form CRS         Amundi Distributor US, Inc.  Form CRS