That said, Chew expressed his concern that equities may struggle in the 1HFY2022, as a “stagflation head fake of slower economic growth and rising inflation will worry investors”.
In its 2022 outlook strategy report dated Jan 6, PhillipCapital’s head of research Paul Chew has listed four themes he expects to see during the year.
These are: inflation peaking and the easing of supply chain constraints; vaccines to bend mortality [rates]; modestly higher interest rates and a rebound in tourism.
