Here’s how investors should position themselves for success in 2023 as the US follows Europe into a recession, according to financial giant Macquarie

• Macquarie Asset Management of Australia managed $535 billion in assets as of September 30.
• The firm expects a US recession in 2023 and sees a few major challenges to long-term growth.
• Its top experts explained what’s worth buying in stocks, fixed income, and alternative assets.

The dominos are already in motion and the US is going to follow the UK and Europe into a recession in the next few months, according to the $535 billion financial firm Macquarie Asset Management.

That’s the bad news. But in its outlook for 2023, Macquarie says that a turn for the better isn’t far off.

“In the first half of 2023 the US is likely to enter a fairly shallow and fairly short lived recession,” Head of Thought Leadership Daniel McCormack said on a media and investor call on Wednesday. “By 4Q all those three economies should be driving global growth fairly robustly.”