It was the best of times, it was the worst of times. With the dust still settling in the aftermath of Covid and the war in Ukraine, a seismic shift in interest rates and easing global supply chains helped improve global inflation rates, which more than halved since their peak. World growth slowed this year, though less than initially expected, even if geopolitical uncertainty left a big question mark over whether this momentum can be sustained. 

Casting an eye back, these are the 10 biggest surprises that investors hadn’t fully expected at the beginning of this year...

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