EXECUTIVE SUMMARY
In a tense international context, marked by continued inflationary pressures and the downward revision of economic growth forecasts, we are witnessing a significant deterioration in investor confidence toward the Equity market. In more detail, the AGR Confidence Index stands at 32.5 pts at the end of October 2022, down 12.3 pts compared to the previous edition. This is the lowest level observed since April 2013.
In the end, the AGR Confidence Index is closer to the low range of the “Wait and See” phase as illustrated in the graph below.
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