Fairview HK: Adena Friedman, Nasdaq CEO, Says 2023 is a Reset

CENTRAL, Hong Kong - July 17, 2023 - PRLog -- According to Nasdaq Chair and Chief Executive Officer Adena Friedman, the new year presents chances to create the new economy.

"The year ahead brings tremendous opportunity for an economic and societal reset; one that seeks to rebuild trust across our institutions, one that prioritizes sustainable growth over growth-at-all-costs, where responsible innovation thrives, and where investor and consumer confidence is not only protected but prioritized," Friedman wrote in her annual outlook, "2023: The Building Blocks of The New Economy."

While the risk of a recession remains uncertain, Friedman thinks we will have a clearer picture of what interest rates will look like in three or four months.

"What people really want is a known environment," Friedman told CNBC at the World Economic Forum Annual Meeting in Davos, Switzerland. "They want to understand their cost of capital."

She claims that firms want to better understand the economic climate in order to underwrite investments, while investors want to better understand the environment in order to make educated investment choices.

"If we can get to a point where we have a known interest rate environment, even if inflation is still a little elevated, I think we can operate in that environment for a long time," Friedman told CNBC. "Hopefully, we can avoid a recession, but even if we do, we'll be familiar with the environment, which creates a better environment for investors."

Fairview HK Limited is one of the foremost privately owned Asia-Pacific orientated, boutique wealth management firms in Hong Kong. We offer our services to a selected group of families, family offices, institutions and fund managers, you may visit our website https://fairviewhk.com/ or contact us via email.