PRESS ROOM
Bearish sentiment prevails over economic outlook
Friday 24th June '22
Stocks have been unable to build any positive momentum as concerns over the economic outlook continue to grow. Central banks are expected to employ a wider range of tools at their disposal to tame inflation. Investors are increasingly expecting this to create recessionary risks while inflation may remain stubbornly high due to supply side pressures. Most recently, UK’s consumer price index (CPI) inflation has come out at 9.1% for May, up from 9% in April.