{"id":2157,"date":"2023-02-10T02:48:08","date_gmt":"2023-02-09T23:18:08","guid":{"rendered":"https:\/\/econclinic.com\/mag\/global-stock-returns-2023\/"},"modified":"2026-09-27T10:17:44","modified_gmt":"2026-09-27T06:47:44","slug":"global-stock-returns-2023","status":"publish","type":"post","link":"https:\/\/econclinic.com\/mag\/analysis\/global-stock-returns-2023\/","title":{"rendered":"\u0628\u0647\u062a\u0631\u06cc\u0646 \u0628\u0627\u0632\u062f\u0647\u06cc \u0633\u0647\u0627\u0645 \u062c\u0647\u0627\u0646 \u062f\u0631 \u06f2\u06f0\u06f2\u06f3\u061b \u0686\u0631\u0627 \u0627\u06cc\u0646 \u0633\u0624\u0627\u0644 \u0646\u0627\u0645\u0631\u0628\u0648\u0637 \u0627\u0633\u062a\u061f"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><style id=\"econ-card-tokens\" data-no-optimize=\"1\">:root{--ec-navy:#0a0830;--ec-gold:#ccb070;--ec-ink:#3a3a44;--ec-card-bg:rgba(10,8,48,.03);--ec-card-line:rgba(10,8,48,.12);--ec-card-radius:14px;--ec-card-pad:16px 20px;--ec-card-gap:26px;--ec-accent:4px;--ec-h:17px;--ec-h-lh:1.6;--ec-text:14.5px;--ec-text-lh:1.7}@media (max-width:520px){:root{--ec-card-pad:14px 16px;--ec-card-gap:20px}}.econ-toc,.econ-src,.econ-credits,.econ-more{margin:var(--ec-card-gap) 0;padding:var(--ec-card-pad);border-radius:var(--ec-card-radius);border:1px solid var(--ec-card-line);background:var(--ec-card-bg);border-inline-start:var(--ec-accent) solid var(--ec-gold)}.econ-toc .econ-toc__h,.econ-src .econ-src__h,.econ-credits .econ-credits__h,.econ-more .econ-more__h{margin:0 0 10px;font-size:var(--ec-h);font-weight:700;color:var(--ec-navy);line-height:var(--ec-h-lh);text-align:right;text-align-last:auto;padding:0;border:0;letter-spacing:0;opacity:1;text-transform:none}.econ-toc .econ-toc__list,.econ-src .econ-src__list,.econ-cr__bio,.econ-more .econ-more__list{font-size:var(--ec-text);line-height:var(--ec-text-lh)}<\/style><style id=\"econ-toc-css\" data-no-optimize=\"1\">.econ-toc .econ-toc__list{margin:0;padding-inline-start:20px}.econ-toc .econ-toc__list li{margin:0 0 2px}.econ-toc .econ-toc__sub{list-style:none;font-size:.94em;opacity:.85;padding-inline-start:14px}.econ-toc .econ-toc__sub::before{content:\"\u2014\";margin-inline-end:6px;opacity:.5}.econ-toc .econ-toc__list a{color:var(--ec-navy);text-decoration:none;border-bottom:1px solid transparent;box-shadow:none}.econ-toc .econ-toc__list a:hover,.econ-toc .econ-toc__list a:focus{color:var(--ec-navy);text-decoration:none;border-bottom-color:var(--ec-gold)}.econ-toc .econ-toc__tg{position:absolute;opacity:0;width:1px;height:1px;margin:0;pointer-events:none}.econ-toc .econ-toc__h label{cursor:default}@media (max-width:767px){.econ-toc .econ-toc__h{margin-block-end:0}.econ-toc .econ-toc__h label{display:flex;align-items:center;justify-content:space-between;gap:12px;min-height:44px;cursor:pointer}.econ-toc .econ-toc__h label::after{content:\"\";flex:none;width:9px;height:9px;margin-inline-end:4px;border-inline-end:2px solid var(--ec-navy);border-block-end:2px solid var(--ec-navy);transform:rotate(-45deg);transition:transform .2s}.econ-toc .econ-toc__tg:checked~.econ-toc__h label::after{transform:rotate(135deg)}.econ-toc .econ-toc__tg:checked~.econ-toc__h{margin-block-end:12px}.econ-toc .econ-toc__tg:not(:checked)~.econ-toc__list{display:none}.econ-toc .econ-toc__tg:focus-visible~.econ-toc__h label{outline:2px solid var(--ec-gold);outline-offset:4px;border-radius:4px}}@media (prefers-reduced-motion:reduce){.econ-toc .econ-toc__h label::after{transition:none}}<\/style>\n\n\n\n<h2 class=\"wp-block-heading\">\u0633\u0648\u0627\u0644\u06cc \u0646\u0627\u0645\u0631\u0628\u0648\u0637: \u06a9\u062f\u0627\u0645 \u06a9\u0634\u0648\u0631 \u0628\u0647\u062a\u0631\u06cc\u0646 \u0628\u0627\u0632\u062f\u0647\u06cc \u0633\u0647\u0627\u0645 \u0631\u0627 \u062f\u0631 \u0633\u0627\u0644 2023 \u062e\u0648\u0627\u0647\u062f \u062f\u0627\u0634\u062a<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u0698\u0627\u0646\u0648\u06cc\u0647 \u0645\u0627\u0647\u06cc \u0627\u0633\u062a \u06a9\u0647 \u0635\u0646\u0639\u062a \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u0648 \u0631\u0633\u0627\u0646\u0647\u200c\u0647\u0627\u06cc <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/econclinic.com\/%d8%af%d9%88%d8%b1%d9%87-%d9%87%d8%a7%db%8c-%d8%a2%d9%85%d9%88%d8%b2%d8%b4%db%8c\/%d8%a2%d9%85%d9%88%d8%b2%d8%b4-%d8%ac%d8%a7%d9%85%d8%b9-%d8%b3%d8%b1%d9%85%d8%a7%db%8c%d9%87%da%af%d8%b0%d8%a7%d8%b1%db%8c-%d8%af%d9%88%d8%b1%d9%87-%d8%ab%d8%b1%d9%88%d8%aa\/\" target=\"_blank\" rel=\"noopener\">\u0628\u0627\u0632\u0627\u0631\u0647\u0627\u06cc \u0645\u0627\u0644\u06cc<\/a><\/span> \u0645\u0627\u06cc\u0644 \u0647\u0633\u062a\u0646\u062f \u06a9\u0647 \u062f\u0631 \u0627\u0631\u0627\u0626\u0647 <strong>\u067e\u06cc\u0634\u200c\u0628\u06cc\u0646\u06cc\u200c\u0647\u0627\u06cc<\/strong> \u0633\u0627\u0644 \u0646\u0648 \u0627\u0632 \u0647\u0645 \u067e\u06cc\u0634\u06cc \u0628\u06af\u06cc\u0631\u0646\u062f. \u06a9\u062f\u0627\u0645 <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/econclinic.com\/mag\/education\/asset-classes-introduction\/\" target=\"_blank\" rel=\"noopener\">\u06a9\u0644\u0627\u0633 \u062f\u0627\u0631\u0627\u06cc\u06cc\u200c\u0647\u0627<\/a><\/span> \u0648 \u06a9\u062f\u0627\u0645 \u0628\u062e\u0634 <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/econclinic.com\/mag\/education\/economics-learning-guide\/\" target=\"_blank\" rel=\"noopener\">\u0627\u0642\u062a\u0635\u0627\u062f<\/a><\/span> \u0642\u0631\u0627\u0631 \u0627\u0633\u062a \u0628\u0647\u062a\u0631\u06cc\u0646 <strong>\u0628\u0627\u0632\u062f\u0647<\/strong> \u0631\u0627 \u062f\u0631 \u0633\u0627\u0644 \u06f2\u06f0\u06f2\u06f3 \u062f\u0627\u0634\u062a\u0647 \u0628\u0627\u0634\u062f\u061f<br \/><span style=\"text-align: var(--text-align)\">\u0627\u0644\u0628\u062a\u0647 \u0647\u06cc\u0686\u200c\u06a9\u0633 \u0646\u0645\u06cc\u200c\u062f\u0627\u0646\u062f \u0627\u0645\u0627 \u0628\u06cc\u0634\u062a\u0631 \u0645\u062a\u062e\u0635\u0635\u0627\u0646 \u0645\u0627\u0644\u06cc \u062f\u0648\u0633\u062a \u062f\u0627\u0631\u0646\u062f \u0627\u0638\u0647\u0627\u0631 \u0646\u0638\u0631 \u06a9\u0646\u0646\u062f. \u0647\u0645\u06cc\u0646 \u0648\u0636\u0639\u06cc\u062a \u062f\u0631\u0628\u0627\u0631\u0647 \u067e\u06cc\u0634\u200c\u0628\u06cc\u0646\u06cc \u06a9\u0634\u0648\u0631\u06cc \u06a9\u0647 \u0642\u0631\u0627\u0631 \u0627\u0633\u062a \u0628\u06cc\u0634\u062a\u0631\u06cc\u0646 \u0628\u0627\u0632\u062f\u0647 <\/span><strong style=\"text-align: var(--text-align)\">\u0628\u0627\u0632\u0627\u0631 \u0633\u0647\u0627\u0645<\/strong><span style=\"text-align: var(--text-align)\"> \u0631\u0627 \u0627\u0631\u0627\u0626\u0647 \u062f\u0647\u062f \u0646\u06cc\u0632 \u0635\u0627\u062f\u0642 \u0627\u0633\u062a. \u0627\u06cc\u0646\u06a9\u0647 \u0645\u062a\u0646\u0627\u0648\u0628\u0627 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u062f\u0631 \u06cc\u06a9 \u06a9\u0634\u0648\u0631 \u0631\u0627 \u0627\u0641\u0632\u0627\u06cc\u0634 \u062f\u0647\u06cc\u062f \u0648 \u062f\u0631 \u0633\u0627\u06cc\u0631\u0627\u0646 \u06a9\u0627\u0647\u0634 \u062f\u0647\u06cc\u062f \u0631\u0627\u0647\u0628\u0631\u062f \u0645\u0646\u0627\u0633\u0628\u06cc \u0646\u06cc\u0633\u062a \u06a9\u0647 \u062f\u0631 \u0627\u06cc\u0646 \u0645\u0642\u0627\u0644\u0647 \u0645\u0634\u0627\u0648\u0631\u0627\u0646 \u201c<\/span><strong style=\"text-align: var(--text-align)\">Diemnsional Fund<\/strong><span style=\"text-align: var(--text-align)\">\u201d \u062a\u0648\u0636\u06cc\u062d \u062f\u0627\u062f\u0647 \u0645\u06cc\u200c\u0634\u0648\u062f.<br \/><\/span><span style=\"text-align: var(--text-align)\">\u0641\u0631\u0635\u062a\u200c\u0647\u0627\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u062f\u0631 \u0633\u0631\u0627\u0633\u0631 \u062f\u0646\u06cc\u0627 \u062f\u06cc\u062f\u0647 \u0645\u06cc\u200c\u0634\u0648\u062f\u060c \u0627\u0645\u0627 \u062a\u0635\u0627\u062f\u0641\u06cc \u0628\u0648\u062f\u0646 \u0628\u0627\u0632\u062f\u0647\u06cc <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/econclinic.com\/mag\/encyclopedia\/what-are-stocks\/\" target=\"_blank\" rel=\"noopener\">\u0633\u0647\u0627\u0645<\/a><\/span> \u062f\u0631 \u0633\u0637\u062d \u062c\u0647\u0627\u0646\u060c \u06cc\u0627\u0641\u062a\u0646 \u0628\u0627\u0632\u0627\u0631\u0647\u0627\u06cc\u06cc \u06a9\u0647 \u0628\u0627\u0632\u062f\u0647 \u0628\u0627\u0644\u0627\u062a\u0631\u06cc \u062e\u0648\u0627\u0647\u0646\u062f \u062f\u0627\u0634\u062a \u0631\u0627 \u0628\u0647 \u0634\u062f\u062a \u062f\u0634\u0648\u0627\u0631 \u0645\u06cc\u200c\u06a9\u0646\u062f. \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u062f\u0631 \u0645\u0648\u0627\u062c\u0647\u0647 \u0628\u0627 \u0627\u06cc\u0646 \u0646\u0648\u0639 \u0646\u0627\u0627\u0637\u0645\u06cc\u0646\u0627\u0646\u06cc \u0686\u0647 \u0628\u0627\u06cc\u062f \u0628\u06a9\u0646\u0646\u062f\u061f<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span><strong>\u0628\u06cc\u0634\u062a\u0631 \u0628\u062e\u0648\u0627\u0646\u06cc\u062f: <a href=\"https:\/\/econclinic.com\/mag\/education\/risk-management-complete-guide\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #130170\">\u0645\u062f\u06cc\u0631\u06cc\u062a \u0631\u06cc\u0633\u06a9<\/span><\/a><\/strong><\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u0686\u0627\u0644\u0634 \u0628\u0632\u0631\u06af: \u067e\u06cc\u0634\u200c\u0628\u06cc\u0646\u06cc \u0628\u0627\u0632\u062f\u0647\u06cc \u0633\u0647\u0627\u0645 \u062f\u0631 \u0633\u0627\u0644 2023 \u0628\u0627 \u0646\u06af\u0627\u0647 \u0628\u0647 \u06af\u0630\u0634\u062a\u0647 <\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"text-align: var(--text-align)\">\u062f\u0631 \u0627\u0628\u062a\u062f\u0627 \u0628\u0627\u06cc\u062f \u0628\u062f\u0627\u0646\u0646\u062f \u06a9\u0647 \u062f\u0631 \u0628\u0647\u062a\u0631\u06cc\u0646 \u062d\u0627\u0644\u062a \u0645\u06cc\u200c\u062a\u0648\u0627\u0646 \u06af\u0641\u062a \u06a9\u0647 \u067e\u06cc\u0634\u200c\u0628\u06cc\u0646\u06cc \u0628\u0627\u0632\u062f\u0647 \u0628\u0627\u0632\u0627\u0631 \u0633\u0647\u0627\u0645 \u06cc\u06a9 \u06a9\u0634\u0648\u0631 \u0628\u0627 <\/span><strong style=\"text-align: var(--text-align)\">\u0646\u06af\u0627\u0647 \u0628\u0647 \u06af\u0630\u0634\u062a\u0647<\/strong><span style=\"text-align: var(--text-align)\"> \u0628\u0633\u06cc\u0627\u0631 \u0686\u0627\u0644\u0634\u06cc \u0627\u0633\u062a \u0627\u06af\u0631 \u063a\u06cc\u0631\u0645\u0645\u06a9\u0646 \u0646\u0628\u0627\u0634\u062f\u060c 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src=\"https:\/\/econclinic.com\/wp-content\/uploads\/2023\/02\/%DA%A9%D9%84%DB%8C%D9%86%DB%8C%DA%A9-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%AF%DA%A9%D8%AA%D8%B1-%D8%B3%D8%B9%D8%AF%D9%88%D9%86%D8%AF%DB%8C-%D8%AC%D8%AF%D9%88%D9%84-%D8%A8%D8%A7%D8%B2%D8%AF%D9%87%DB%8C-%D8%B3%D9%87%D8%A7%D9%85-%DA%A9%D8%B4%D9%88%D8%B1%D9%87%D8%A7%DB%8C-%D9%85%D8%AE%D8%AA%D9%84%D9%81.webp\" alt=\"\u062c\u062f\u0648\u0644 \u0628\u0627\u0632\u062f\u0647\u06cc \u0633\u0647\u0627\u0645 \u06a9\u0634\u0648\u0631\u0647\u0627\u06cc \u0645\u062e\u062a\u0644\u0641 \u0628\u06cc\u0646 \u0633\u0627\u0644\u200c\u0647\u0627\u06cc 2002 \u062a\u0627 2021\" loading=\"lazy\" decoding=\"async\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u062a\u0627\u0631\u06cc\u062e\u0686\u0647\u200c\u06cc \u0628\u0627\u0632\u062f\u0647\u06cc \u0633\u0647\u0627\u0645 \u06a9\u0634\u0648\u0631\u0647\u0627<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u062f\u0648 \u0645\u062b\u0627\u0644 \u0628\u0647 \u062f\u0631\u06a9 \u0628\u0647\u062a\u0631 \u0645\u0637\u0644\u0628 \u06a9\u0645\u06a9 \u0645\u06cc\u200c\u06a9\u0646\u062f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1- \u0627\u062a\u0631\u06cc\u0634 \u0628\u0627\u0644\u0627\u062a\u0631\u06cc\u0646 \u0628\u0627\u0632\u062f\u0647\u06cc \u0631\u0627 \u062f\u0631 <strong>\u0633\u0627\u0644 <\/strong><strong>\u06f2\u06f0\u06f1\u06f7<\/strong> \u0648 \u06a9\u0645\u062a\u0631\u06cc\u0646 \u0628\u0627\u0632\u062f\u0647\u06cc \u0631\u0627 \u0633\u0627\u0644 \u0628\u0639\u062f \u0627\u0632 \u0622\u0646 \u062f\u0631 \u0628\u06cc\u0646 \u0628\u0627\u0632\u0627\u0631\u0647\u0627\u06cc \u067e\u06cc\u0634\u0631\u0641\u062a\u0647 \u062b\u0628\u062a \u06a9\u0631\u062f\u0647 \u0627\u0633\u062a.<br>2- \u0622\u0645\u0631\u06cc\u06a9\u0627 \u062c\u0632\u0648 \u067e\u0646\u062c \u06a9\u0634\u0648\u0631\u06cc \u0627\u0633\u062a \u06a9\u0647 \u0628\u0627\u0644\u0627\u062a\u0631\u06cc\u0646 \u0628\u0627\u0632\u062f\u0647\u06cc \u0633\u0627\u0644\u06cc\u0627\u0646\u0647 \u0631\u0627 \u0637\u06cc \u06f2\u06f0 \u0633\u0627\u0644 \u06af\u0630\u0634\u062a\u0647 \u062f\u0627\u0634\u062a\u0647 \u0648\u0644\u06cc \u062f\u0631 \u0631\u062f\u0647\u200c\u0628\u0646\u062f\u06cc \u0628\u0627\u0632\u062f\u0647\u06cc \u0628\u0627\u0632\u0627\u0631 \u0633\u0647\u0627\u0645 \u06a9\u0634\u0648\u0631\u0647\u0627 \u062f\u0631 \u062a\u0645\u0627\u0645 \u0627\u06cc\u0646 \u062f\u0648\u0631\u0647 \u0641\u0642\u0637 \u06cc\u06a9 \u0628\u0627\u0631 \u0627\u0648\u0644 \u0634\u062f\u0647 \u0648 \u0627\u0632 \u0644\u062d\u0627\u0638 \u0639\u0645\u0644\u06a9\u0631\u062f \u062f\u0631 \u0637\u0648\u0644 \u06f9 \u0633\u0627\u0644 \u0645\u062a\u0648\u0627\u0644\u06cc \u0627\u0632 \u0645\u06cc\u0627\u0646\u06af\u06cc\u0646 \u06a9\u0645\u062a\u0631 \u0628\u0648\u062f\u0647 \u0627\u0633\u062a.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u0645\u062a\u0646\u0648\u0639\u200c\u0633\u0627\u0632\u06cc: \u0631\u0627\u0647 \u0631\u0647\u0627\u06cc\u06cc \u0627\u0632 \u0646\u06cc\u0627\u0632 \u0628\u0647 \u067e\u06cc\u0634\u200c\u0628\u06cc\u0646\u06cc \u0628\u0627\u0632\u062f\u0647\u06cc \u0633\u0647\u0627\u0645<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"text-align: var(--text-align)\">\u0647\u0645\u06cc\u0646 \u06a9\u0647 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0628\u062f\u0627\u0646\u0646\u062f \u06a9\u0647 \u0646\u06cc\u0627\u0632\u06cc \u0646\u062f\u0627\u0631\u0646\u062f \u06a9\u0647 \u067e\u06cc\u0634\u200c\u0628\u06cc\u0646\u06cc \u06a9\u0646\u0646\u062f \u06a9\u062f\u0627\u0645 \u06a9\u0634\u0648\u0631\u0647\u0627 \u0628\u0647\u062a\u0631\u06cc\u0646 \u0628\u0627\u0632\u062f\u0647 \u0631\u0627 \u062f\u0631 \u0637\u0648\u0644 \u0633\u0647 \u0645\u0627\u0647\u060c \u06cc\u06a9 \u0633\u0627\u0644 \u06cc\u0627 \u067e\u0646\u062c \u0633\u0627\u0644 \u0622\u06cc\u0646\u062f\u0647 \u062e\u0648\u0627\u0647\u0646\u062f \u062f\u0627\u0634\u062a \u06af\u0627\u0645\u06cc \u0631\u0648 \u0628\u0647 \u062c\u0644\u0648\u0633\u062a.<br \/><\/span><span>\u0686\u0631\u0627\u061f \u0686\u0648\u0646 \u062f\u0627\u0634\u062a\u0646 \u0633\u0647\u0627\u0645 \u0627\u0632 <strong>\u06a9\u0634\u0648\u0631\u0647\u0627\u06cc \u0645\u062a\u0639\u062f\u062f<\/strong> \u062f\u0631 \u0633\u0631\u0627\u0633\u0631 \u062c\u0647\u0627\u0646 \u062f\u0631 \u0645\u0642\u0627\u0628\u0644 \u06af\u0632\u06cc\u0646\u0634 \u0633\u0647\u0627\u0645 \u0627\u0632 \u06cc\u06a9 \u06cc\u0627 \u0686\u0646\u062f \u0643\u0634\u0648\u0631 \u062e\u0627\u0635\u060c \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0631\u0627 \u062f\u0631 \u0645\u0648\u0642\u0639\u06cc\u062a \u0628\u0627\u0644\u0642\u0648\u0647 \u0628\u0647\u062a\u0631\u06cc \u0642\u0631\u0627\u0631 \u0645\u06cc\u200c\u062f\u0647\u062f \u0686\u0631\u0627\u06a9\u0647 \u0639\u0645\u0644\u06a9\u0631\u062f \u0628\u0627\u0644\u0627 \u062f\u0631 \u06cc\u06a9 \u0628\u0627\u0632\u0627\u0631 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0628\u0627\u0632\u062f\u0647\u06cc \u06a9\u0645\u062a\u0631 \u0633\u0627\u06cc\u0631 \u0628\u0627\u0632\u0627\u0631\u0647\u0627 \u0631\u0627 \u062c\u0628\u0631\u0627\u0646 \u06a9\u0646\u062f.<br \/><\/span><span style=\"text-align: var(--text-align)\">\u0628\u0647 \u0639\u0628\u0627\u0631\u062a \u062f\u06cc\u06af\u0631 \u06cc\u06a9 <\/span><strong style=\"text-align: var(--text-align)\">\u0633\u0628\u062f \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc<\/strong><span style=\"text-align: var(--text-align)\"> <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"#_ftn1\" name=\"_ftnref1\"><sup>[1]<\/sup><\/a><\/span> \u0645\u062a\u0646\u0648\u0639 \u062f\u0631 \u0633\u0637\u062d \u062c\u0647\u0627\u0646\u06cc \u0646\u062a\u06cc\u062c\u0647\u200c\u0647\u0627\u06cc \u0645\u0637\u0645\u0626\u0646 \u062a\u0631\u06cc \u0631\u0627 \u0628\u0647 \u062f\u0646\u0628\u0627\u0644 \u062e\u0648\u0627\u0647\u062f \u062f\u0627\u0634\u062a.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0645\u0646\u0628\u0639: <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.evidenceinvestor.com\/post\/which-country-will-outperform-next-is-irrelevant\" target=\"_blank\" rel=\"noopener\">Evidence Investor<\/a><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span><strong>\u0628\u06cc\u0634\u062a\u0631 \u0628\u062e\u0648\u0627\u0646\u06cc\u062f: <span style=\"color: #130170\"><span style=\"color: #130170\"><a style=\"color: #130170\" href=\"https:\/\/econclinic.com\/mag\/interview\/chronic-inflation-solution\/\" target=\"_blank\" rel=\"noopener\">\u0631\u0627\u0647 \u062d\u0644 \u062a\u0648\u0631\u0645 \u0645\u0632\u0645\u0646 \u0627\u06cc\u0631\u0627\u0646<\/a><\/span><\/span><\/strong><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"#_ftnref1\" name=\"_ftn1\"><sup>[1]<\/sup><\/a>  <a style=\"color: #3366ff\" href=\"https:\/\/www.investopedia.com\/terms\/p\/portfolio.asp\" target=\"_blank\" rel=\"noopener\"><sup>Portfolio (Investopedia)<\/sup><\/a><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><aside class=\"ec-cc\" role=\"complementary\" aria-label=\"\u0622\u0645\u0648\u0632\u0634 \u062c\u0627\u0645\u0639 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u062f\u0631 \u0628\u0627\u0632\u0627\u0631\u0647\u0627\u06cc \u0645\u0627\u0644\u06cc | \u062f\u0648\u0631\u0647 \u062c\u0627\u0645\u0639 \u062b\u0631\u0648\u062a\">\n\t\t<a class=\"ec-cc__thumb\" href=\"https:\/\/econclinic.com\/\u062f\u0648\u0631\u0647-\u0647\u0627\u06cc-\u0622\u0645\u0648\u0632\u0634\u06cc\/%d8%a2%d9%85%d9%88%d8%b2%d8%b4-%d8%ac%d8%a7%d9%85%d8%b9-%d8%b3%d8%b1%d9%85%d8%a7%db%8c%d9%87%da%af%d8%b0%d8%a7%d8%b1%db%8c-%d8%af%d9%88%d8%b1%d9%87-%d8%ab%d8%b1%d9%88%d8%aa\/\" tabindex=\"-1\" aria-hidden=\"true\"><img class=\"ec-cc__img\" src=\"https:\/\/econclinic.com\/wp-content\/uploads\/2025\/07\/\u062f\u0648\u0631\u0647-\u062c\u0627\u0645\u0639-\u062b\u0631\u0648\u062a.png.webp\" width=\"857\" height=\"457\" alt=\"\u062f\u0648\u0631\u0647 \u062c\u0627\u0645\u0639 \u062b\u0631\u0648\u062a \u062f\u06a9\u062a\u0631 \u0633\u0639\u062f\u0648\u0646\u062f\u06cc\" loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/econclinic.com\/wp-content\/uploads\/2025\/07\/\u062f\u0648\u0631\u0647-\u062c\u0627\u0645\u0639-\u062b\u0631\u0648\u062a.png.webp 857w, https:\/\/econclinic.com\/wp-content\/uploads\/2025\/07\/\u062f\u0648\u0631\u0647-\u062c\u0627\u0645\u0639-\u062b\u0631\u0648\u062a.png-300x160.webp 300w, https:\/\/econclinic.com\/wp-content\/uploads\/2025\/07\/\u062f\u0648\u0631\u0647-\u062c\u0627\u0645\u0639-\u062b\u0631\u0648\u062a.png-768x410.webp 768w, https:\/\/econclinic.com\/wp-content\/uploads\/2025\/07\/\u062f\u0648\u0631\u0647-\u062c\u0627\u0645\u0639-\u062b\u0631\u0648\u062a.png-600x320.webp 600w\" sizes=\"auto, (max-width: 857px) 100vw, 857px\"><\/a>\n\t\t<div class=\"ec-cc__body\">\n\t\t\t\t<ul class=\"ec-cc__meta\"><li>102 \u0633\u0627\u0639\u062a<\/li><\/ul>\n\t\t\t\t\t\t<div class=\"ec-cc__prices\">\n\t\t\t<span class=\"ec-cc__price\">\u06f4\u06f6\u066c\u06f3\u06f5\u06f0\u066c\u06f0\u06f0\u06f0 <span class=\"ec-cc__unit\">\u062a\u0648\u0645\u0627\u0646<\/span><\/span>\n\t\t\t\t\t\t<del class=\"ec-cc__was\">\u06f8\u06f3\u066c\u06f4\u06f2\u06f5\u066c\u06f0\u06f0\u06f0<\/del>\n\t\t\t\t\t<\/div>\n\t\t\t\t<a class=\"ec-cc__cta\" href=\"https:\/\/econclinic.com\/\u062f\u0648\u0631\u0647-\u0647\u0627\u06cc-\u0622\u0645\u0648\u0632\u0634\u06cc\/%d8%a2%d9%85%d9%88%d8%b2%d8%b4-%d8%ac%d8%a7%d9%85%d8%b9-%d8%b3%d8%b1%d9%85%d8%a7%db%8c%d9%87%da%af%d8%b0%d8%a7%d8%b1%db%8c-%d8%af%d9%88%d8%b1%d9%87-%d8%ab%d8%b1%d9%88%d8%aa\/\" aria-label=\"\u0645\u0634\u0627\u0647\u062f\u0647\u0654 \u062f\u0648\u0631\u0647 \u2014 \u0622\u0645\u0648\u0632\u0634 \u062c\u0627\u0645\u0639 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u062f\u0631 \u0628\u0627\u0632\u0627\u0631\u0647\u0627\u06cc \u0645\u0627\u0644\u06cc | \u062f\u0648\u0631\u0647 \u062c\u0627\u0645\u0639 \u062b\u0631\u0648\u062a\">\n\t\t\t\u0645\u0634\u0627\u0647\u062f\u0647\u0654 \u062f\u0648\u0631\u0647\t\t\t<svg viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M15 5l-7 7 7 7\"\/><\/svg>\n\t\t<\/a>\n\t<\/div>\n<\/aside>\n\t\t\n\n\n\n<p class=\"wp-block-paragraph\"><span><strong>\u0628\u06cc\u0634\u062a\u0631 \u0628\u062e\u0648\u0627\u0646\u06cc\u062f: <span style=\"color: #130170\"><span style=\"color: #130170\"><a style=\"color: #130170\" href=\"https:\/\/econclinic.com\/mag\/education\/stock-market-complete-course\/\" target=\"_blank\" rel=\"noopener\">\u0622\u0645\u0648\u0632\u0634 \u0628\u0648\u0631\u0633 \u0635\u0641\u0631 \u062a\u0627 \u0635\u062f (\u0631\u0627\u06cc\u06af\u0627\u0646)<\/a><\/span><\/span><\/strong><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0645\u06cc\u200c\u062e\u0648\u0627\u0647\u06cc\u062f \u0639\u0645\u06cc\u0642\u200c\u062a\u0631 \u06cc\u0627\u062f \u0628\u06af\u06cc\u0631\u06cc\u062f\u061f<\/strong> <a href=\"https:\/\/econclinic.com\/%d8%af%d9%88%d8%b1%d9%87-%d9%87%d8%a7%db%8c-%d8%a2%d9%85%d9%88%d8%b2%d8%b4%db%8c\/%d8%a2%d9%85%d9%88%d8%b2%d8%b4-%d8%aa%d8%ad%d9%84%db%8c%d9%84-%d8%a8%d9%86%db%8c%d8%a7%d8%af%db%8c-%d8%b3%d9%87%d8%a7%d9%85\/\">\u0622\u0645\u0648\u0632\u0634 \u062a\u062d\u0644\u06cc\u0644 \u0628\u0646\u06cc\u0627\u062f\u06cc \u0628\u0648\u0631\u0633<\/a> \u2014 \u0627\u0632 \u062e\u0648\u0627\u0646\u062f\u0646 \u0635\u0648\u0631\u062a\u200c\u0647\u0627\u06cc \u0645\u0627\u0644\u06cc \u062a\u0627 \u0627\u0631\u0632\u0634\u200c\u06af\u0630\u0627\u0631\u06cc \u0633\u0647\u0627\u0645 \u0648 \u0627\u0646\u062a\u062e\u0627\u0628 \u0633\u0647\u0645\u060c \u062f\u0631 \u062f\u0648\u0631\u0647\u0654 \u062c\u0627\u0645\u0639 \u062a\u062d\u0644\u06cc\u0644 \u0628\u0646\u06cc\u0627\u062f\u06cc.<\/p>\n\r\n\t\t<div class=\"review_wrap\">\r\n\t\t\t<div id=\"review-box\" class=\"review-box review-bottom review-stars\"><h2 class=\"review-box-header the-global-title\">\u0628\u0647 \u0627\u06cc\u0646 \u0645\u0637\u0644\u0628 \u0627\u0645\u062a\u06cc\u0627\u0632 \u062f\u0647\u06cc\u062f<\/h2>\r\n\t\t\t\t<div class=\"review-summary\">\r\n\t\t\t\t\t<div class=\"review-final-score\">\r\n\t\t\t\t\t\t<span title=\"\" class=\"post-large-rate stars-large\"><span style=\"width:0%\"><\/span><\/span>\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\r\n\t\t\t\t<div class=\"review-short-summary\">\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\r\n\t\t\t<div class=\"user-rate-wrap\">\r\n\t\t\t\t<span class=\"user-rating-text\">\r\n\t\t\t\t\t<strong>\u0627\u0645\u062a\u06cc\u0627\u0632 \u062e\u0648\u0627\u0646\u0646\u062f\u06af\u0627\u0646: <\/strong>\r\n\t\t\t\t\t<span class=\"taq-score\"><\/span>\r\n\t\t\t\t\t<small>\u0627\u0648\u0644\u06cc\u0646 \u0646\u0641\u0631 \u0628\u0627\u0634\u06cc\u062f<\/small>\r\n\t\t\t\t<\/span>\r\n\r\n\t\t\t\t<div data-rate=\"0\" data-id=\"2157\" class=\"user-rate taq-user-rate-active\">\r\n\t\t\t\t\t<span class=\"user-rate-image post-large-rate stars-large\">\r\n\t\t\t\t\t\t<span style=\"width:0%\"><\/span>\r\n\t\t\t\t\t<\/span>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t<div class=\"taq-clear\"><\/div>\r\n\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/div>","protected":false},"excerpt":{"rendered":"<p>\u0633\u0648\u0627\u0644\u06cc \u0646\u0627\u0645\u0631\u0628\u0648\u0637: \u06a9\u062f\u0627\u0645 \u06a9\u0634\u0648\u0631 \u0628\u0647\u062a\u0631\u06cc\u0646 \u0628\u0627\u0632\u062f\u0647\u06cc \u0633\u0647\u0627\u0645 \u0631\u0627 \u062f\u0631 \u0633\u0627\u0644 2023 \u062e\u0648\u0627\u0647\u062f \u062f\u0627\u0634\u062a \u0698\u0627\u0646\u0648\u06cc\u0647 \u0645\u0627\u0647\u06cc \u0627\u0633\u062a \u06a9\u0647 \u0635\u0646\u0639\u062a \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u0648 \u0631\u0633\u0627\u0646\u0647\u200c\u0647\u0627\u06cc \u0628\u0627\u0632\u0627\u0631\u0647\u0627\u06cc \u0645\u0627\u0644\u06cc \u0645\u0627\u06cc\u0644 \u0647\u0633\u062a\u0646\u062f \u06a9\u0647 \u062f\u0631 \u0627\u0631\u0627\u0626\u0647 \u067e\u06cc\u0634\u200c\u0628\u06cc\u0646\u06cc\u200c\u0647\u0627\u06cc \u0633\u0627\u0644 \u0646\u0648 \u0627\u0632 \u0647\u0645 \u067e\u06cc\u0634\u06cc \u0628\u06af\u06cc\u0631\u0646\u062f. \u06a9\u062f\u0627\u0645 \u06a9\u0644\u0627\u0633 \u062f\u0627\u0631\u0627\u06cc\u06cc\u200c\u0647\u0627 \u0648 \u06a9\u062f\u0627\u0645 \u0628\u062e\u0634 \u0627\u0642\u062a\u0635\u0627\u062f \u0642\u0631\u0627\u0631 \u0627\u0633\u062a \u0628\u0647\u062a\u0631\u06cc\u0646 \u0628\u0627\u0632\u062f\u0647 \u0631\u0627 \u062f\u0631 \u0633\u0627\u0644 \u06f2\u06f0\u06f2\u06f3 \u062f\u0627\u0634\u062a\u0647 \u0628\u0627\u0634\u062f\u061f\u0627\u0644\u0628\u062a\u0647 \u0647\u06cc\u0686\u200c\u06a9\u0633 \u0646\u0645\u06cc\u200c\u062f\u0627\u0646\u062f &hellip;<\/p>\n","protected":false},"author":14,"featured_media":2158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[140],"ecn_content_layer":[72],"class_list":["post-2157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-markets","tag-140","ecn_content_layer-analysis"],"ecnd_newsletter":{"title":"\u0628\u0647\u062a\u0631\u06cc\u0646 \u0628\u0627\u0632\u062f\u0647\u06cc \u0633\u0647\u0627\u0645 \u062c\u0647\u0627\u0646 \u062f\u0631 \u06f2\u06f0\u06f2\u06f3\u061b \u0686\u0631\u0627 \u0627\u06cc\u0646 \u0633\u0624\u0627\u0644 \u0646\u0627\u0645\u0631\u0628\u0648\u0637 \u0627\u0633\u062a\u061f","summary":"[econ_toc]","url":"https:\/\/econclinic.com\/mag\/analysis\/global-stock-returns-2023\/","source":""},"permalink_manager":null,"_links":{"self":[{"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/posts\/2157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/comments?post=2157"}],"version-history":[{"count":1,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/posts\/2157\/revisions"}],"predecessor-version":[{"id":2822,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/posts\/2157\/revisions\/2822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/media\/2158"}],"wp:attachment":[{"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/media?parent=2157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/categories?post=2157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/tags?post=2157"},{"taxonomy":"ecn_content_layer","embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/ecn_content_layer?post=2157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}