A sense of relief has positively influenced global investment markets. Hitherto rampant inflation is abating, interest rates have mostly stopped rising (and might even fall), and that widely predicted looming recession has remained a mirage.

We cannot be wise too soon, for we never know how soon it will be too late.

A feature of 2023 was the resilience of global economic activity, which quelled the cacophony of impending woe that had hitherto featured in some media and market commentary..