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The only constant in life is change

Welcome to the 2023 Luna Outlook document, our annual commentary where we look at what to expect from the economy and markets in the next 12 months. We always try to start with a quote at the outset which encapsulates our views on the year ahead and for 2023 we have decided to delve into Greek philosophy; “The Only Constant in Life is Change” Heraclitus.

2022 was a year which witnessed strict Covid policies in China, a war within European borders which contributed to soaring inflation and central bankers being behind the curve which forced interest rates and the cost of borrowing higher.

Click here to read our 2023 Outlook


The content in this publication is for your general information and use only and is not intended to address your particular requirements. Articles should not be relied upon in their entirety and shall not be deemed to be, or constitute, advice. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of any articles. Thresholds, percentage rates and tax legislation may change in subsequent Finance Acts. Levels and bases of, and reliefs from, taxation are subject to change and their value depends on the individual circumstances of the investor. The value of your investments can go down as well as up and you may get back less than you invested. Past performance is not a reliable indicator of future results.