2023 Outlook: Short-term pain, long-term gain

Robeco predicts that 2023 will bring better returns for asset classes, but a difficult short-term period must first be endured. Asset allocators face a challenging time during stagflation, which has been the case even in the past year. Multi-asset investors have found it challenging to find shelter. However, there is hope that three significant peaks - peak inflation, peak rates, and peak dollar - will emerge in 2023.