Our expectations for China’s growth in 2023 is based on two overarching factors: the reversal of significant policies, such as zero COVID and the real estate crackdown, as well as the expectation for broadening economic stimulus. A critical component of our expectation for additional stimulus is that it will be focused on consumption, rather than investment. While this differentiation will be a key determinant in asset performance, it is unlikely to be enough to avert recession in some of the more vulnerable developed market economies. Given this context, Gerwin Bell, PhD, Lead Economist for Asia on PGIM Fixed Income’s Global Macroeconomic Research Team, will share his insights on the key opportunities and challenges facing global asset managers.