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Q4 2022 Global Outlook: Gloom, but not doom

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Contributors: Ajay Rajadhyaksha & Amrut Nashikkar

The world economy was hit by three shocks over the past quarter: a massive drop in Russian gas supplies to Europe, repeated lockdowns in China, and very aggressive policy tightening by Western central banks. The stage is now set for a synchronous global slowdown. But our Research analysts note that things could have been worse. Here they outline three key themes for the quarter ahead.

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Contributors: Ajay Rajadhyaksha & Amrut Nashikkar

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Gloom, but not doom

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About the experts

Ajay Rajadhyaksha

Global Chairman of Research

Ajay Rajadhyaksha is Global Chairman of Research at Barclays, based in New York. He drives the global macro research and strategy effort including economics, rates, FX, commodities, emerging markets, and asset allocation. Since joining Barclays in 2005, Ajay has held various positions, including Head of Macro Research, Co-Head of FICC Research and, before that, Head of US Fixed Income Research and US and European Securitised Research.

Amrut Nashikkar

Managing Director, Fixed Income Strategy

Amrut Nashikkar is a Managing Director in the Fixed Income Strategy team at Barclays based in New York, covering interest rate derivatives with a focus on interest rate volatility and the Libor transition. Amrut joined Barclays in 2008 from Lehman Brothers, where he was an interest rate strategist. Prior to that, he taught at New York University. Amrut graduated with a PhD in finance from New York University. He also holds a management degree from the Indian Institute of Management, Ahmedabad, and an undergraduate degree in engineering from the Indian Institute of Technology, Kharagpur.

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