2023 can be summed up in one word: 2023 Review and 2024 Financial Market Outlook Nicolas Mougeot Head of Investment Strategy & Sustainability, CA Indosuez (Switzerland) SA Alexandre Drabowicz Chief Investment Officer, CA Indosuez 2023, A YEAR OF LEADERSHIP leadership. From an economic point of view, the United States reaffirmed its leadership, with growth expected at close to 2% and exceeding the expectations of many economists. This resilience can be explained in particular by the good health of US consumption, which boosted growth by drawing on solid surplus savings. In 2023, the United States once again demonstrated its technological leadership with the advent of artificial intelligence, or AI, which has become a ubiquitous consumer product since the launch of ChatGPT in December 2022. Moreover, AI was the main driver of the performance of US equities and diversification did not pay off in 2023: the seven big tech leaders, known as the “Magnificent Seven”, were behind most of the performance of the S&P 500 index. Central banks have also played their role as leaders in the fight against inflation by raising their Global Outlook 2024 To read online ↓ CFM Indosuez Wealth Management 16
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