BCG：2023年全球投资者调查报告-不确定市场中的优先事项（英文版）（12页）.pdf

1、AUGUST 20232023 Global Investor SurveyPriorities in an Uncertain MarketOverall,investors are most concerned about interest rates,inflation,and geopolitical risksSource:BCGs 2023 Global Investor Survey.Note:The survey asked,“What are the most important risks for investors to consider in todays enviro

2、nment?Rank the top three.”ESG=environmental,social,and governance.Interest rates and monetary policyConsumer price inflation and consumer sentimentGeopolitical risksCost and wage inflationSupply chain and other operational risksInflated asset valuationTightening of liquidity in capital marketsClimat

3、e and other ESG-related risksPublic-sector debt and spendingCompany-specific and other idiosyncratic risksChina growth(after COVID-19 reopening)lower than expectedPrivate-sector credit or default risksGlobalRESPONDENTS(%)North AmericaRESPONDENTS(%)Europe andthe Middle East RESPONDENTS(%)576161494648

4、45443634423234363037241921312222212421232120201424221218710101011996111187711Asia-PacificRESPONDENTS(%)Top three concerns Other concerns Still,many investors expect growth to rebound and inflation to wane but remain above central banks target levelsSource:BCGs 2023 Global Investor Survey.Investors e

5、xpectationsGlobalNorth AmericaEurope and the Middle EastAsia-PacificGDP growthInflationA recession by year-end 2023(%)Median real GDP growth rate for 20242025(%)Inflation to wane by year-end 2023(%)Median inflation rate for 20242025(%)483.1683.8552.9663.9502.9683.7403.5723.8Although some investors a

6、re concerned that inflation will persist,the normalization of inflation,even if elevated,makes others optimistic ConcernedOptimisticSource:BCGs 2023 Global Investor Survey.Investors that chose words such as inflation,interest,war,and recession as reasons for concern likely believe that these factors