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Chart of the Week
2022 in Review
Inflation was the dominant narrative this year while geopolitical tensions spiked commodity prices. Global economies saw more rate hikes, daily price swings, and recession worries than anticipated as inflation prints reached record highs across the world. We expect the evolution of inflation and commensurate central bank responses to remain the prevailing theme in 2023.
Source: Bloomberg and Goldman Sachs Asset Management. As of December 29, 2022.