Major Asian economies are carefully steadying their ships as they sail into the second quarter, while domestic imbalances and geopolitical risks persist.

We believe the outlook for 2024 has brightened, but we caution that it won’t take much to spill over.

Richard Edgar is joined by Fidelity's heads of investment to discuss the investment outlook for 2024.

In a no landing scenario, US economic growth would continue to be resilient while Europe’s current slowdown would reverse.

A soft-landing scenario would involve a slightly below trend slowdown across major economies, with no major shocks to knock markets off track.

A balance sheet recession would be marked by a deep and prolonged downturn across developed and emerging economies.

A cyclical recession would see a moderate economic contraction followed by a return to growth in late 2024 or early 2025.

Profound changes across economies and markets make forecasting unusually difficult in 2024. Instead, we offer four potential paths the world could take.

Asia is facing near-term challenges. We think now is the time to see through the current cycle and position for structural growth.

Markets have proven resilient to the prospect of recession. That they will continue to do so is far from certain.

Private credit markets have proven resilient. But this is not to say that the sector has been completely unaffected, nor that there won't be casualties ahead.

Asia remains the bright spot in a gloomy global economy but China’s slower-than-expected economic recovery calls for a more selective investing approach.

Hopes of a soft landing have all but vanished. A recession is coming, but perhaps not for some time. For now, we oscillate between resilience and fragility.

In Fidelity International's latest quarterly outlook for Asia, we believe the economic outlook in Asia is brightened by China’s reopening.

In Fidelity's latest quarterly outlook, we believe that recession over the next 12 months looks increasingly likely across developed markets.

Find Fidelity International's full 2023 Investment Outlook here

Will Asian central banks continue to dance to the Fed’s tune?

A more difficult backdrop could herald a return to rational pricing, while sustainability only likely to become more important

Although not immune to the wider market volatility, private credit's defensive features and positioning may prove key in 2023

Bond yields are finally starting to look attractive again but are they priced for the scale of the downturn ahead?

We expect a high degree of volatility for global equities in 2023. However, diverging earnings expectations will present select opportunities

Volatility will remain high for some time given the complicated investment backdrop

The global economy continues to face a confluence of challenges heading into 2023. A recession is likely in the US and near certain in Europe and the UK

Inflation has dogged markets this year, but there is a risk that overtightening by central banks will trigger a sharp recession, an 'inflation bust'

An introduction to Fidelity International's 2023 Investment Outlook from Chief Executive Anne Richards

Fidelity International's Q4 Investment Outlook looks at the increasing likelihood of a hard landing.

Central banks have tried to strike a balance between reducing inflation by tightening financial conditions and mitigating the impact on economic growth.

Chart Room: Valuations look more reasonable but there may be more to come

Cuts to the reserve requirement ratio remain China’s monetary policy weapon of choice. How they are wielded highlights the tightrope policymakers must walk.

Even the best-laid plans across the global manufacturing industry haven’t kept pace with a swiftly evolving siege of pressures on supply chains.

Fidelity International's investment outlook for the second quarter for Asia sees regional opportunity amid the global volatility

The global order is reconfigured and stagflation risks intensify.

Despite rising materials costs, supply bottlenecks, and cloudy global macro conditions, China’s electric vehicle sector still looks charged for growth.

Offices will continue to be in demand post-Covid, but their usage will evolve.

Central banks will want to keep financing costs low given high debt levels, but may not act before a duration tantrum.

Offices will continue to be in demand post-Covid, but their usage will evolve.

As policymakers and investors grapple with their new reality, the elephant in the room they’ll have to confront will be how to manage the heavy public debt.

Markets will struggle to surpass second quarter rebound.