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Key events in June 2023 Global shares made strong gains in June. Optimism over ‘Artificial Intelligence’ (AI) prospects and encouraging signs that inflation is moderating
“Consumers are being squeezed by high inflation, rising interest rates and tighter credit. These intense pressures may cause a global recession in the coming year. Yet global share markets have delivered very strong returns for the last financial year. Global share gains appear to be reflecting hopes that any economic downturn should be brief as well as the promise of ‘Artificial Intelligence’ (AI).”