Four potential 'black swans' for 2023

Four scenarios

Russia’s invasion of Ukraine caught most investors off guard and has had a major impact on global financial markets.

What new ‘black swans' could the world face in 2023? The investment team at Marlborough has undertaken scenario analysis looking at extreme events that, while unlikely, are still plausible. Here are four scenarios the team have considered that could have a major impact on markets in the year ahead. Putin overthrown after Ukraine defeats Russian forces Vladimir Putin's invasion of Ukraine has been far from successful. What the Russian leader expected to be a swift land-grab has turned into a grinding war, with heavy losses on both sides. The West is supplying Ukraine with in...