In 2022, there were “dislocations brought about by invasion, interest rates and inflation drove volatility and torpedoed valuations,” the analysts write.
Looking back at 2022, Maybank Securities analysts Thilan Wickramasinghe, Eric Ong, Kelvin Tan, Li Jialin and Jarick Seet called the year an “annus horribilis”, but with “silver linings”.
The Latin term “annus horribilis”, which refers to a year of disaster or misfortune, is a phrase that was made famous by the UK’s late Queen Elizabeth to describe the year she had in 1992.
