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2022 Global Market Outlook

Playbook for a Shifting Economic Landscape

The global recovery appears on track, but policymakers may be challenged to slow inflation without stifling growth in 2022.

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Australia Market Outlook 2022

Transitioning from tailwinds to headwinds.

China Market Outlook 2022

Attractive opportunities amid China's fast-changing environment

Four Themes to Watch in 2022

THEME 1

Growth Delayed, Not Derailed

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The global economic recovery appears on track, but policymakers may be challenged to restrain inflation without stifling growth. Read more...

THEME 2

Focus on Fundamentals

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Equity valuations are vulnerable to rising interest rates. Slower U.S. earnings growth could favor less expensive, more cyclical ex‑U.S. markets. Read more...

THEME 3

Navigating Policy Shifts

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Risk of central bank missteps could keep bond markets volatile in 2022. With U.S. credit spreads tight, investors may want to cast wider global nets. Read more...

THEME 4

Path to Global Sustainability

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Investment in global supply chains, public infrastructure, and renewable energy development could benefit capital goods and related industries. Read more...

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Unless otherwise stated, all data is sourced from T. Rowe Price. Certain numbers in this report may not add due to rounding and/or the exclusion of cash.

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T. Rowe Price ("TRP") claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. T. Rowe Price has been independently verified for the 27-year period ended June 30, 2023, by KPMG LLP. The verification report is available upon request. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. Verification does not provide assurance on the accuracy of any specific performance report.

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